Month – July 2018

Mexico: The Elusive Quest for Prosperity

Problematic policies and institutions have led to an elusive quest for prosperity in Mexico

Imagine a country that does everything that development economics says is right: guarantee macroeconomic stability, maintain an open trade regime and invest in physical capital and education. Now imagine, that this this country suffers anemic growth and has done so for over two decades. What in the world could be wrong? This is the agonizing […]

When Central Bank Autonomy Makes All the Difference

Central Bank autonomy can make all the difference for controlling inflation and providing macroeconomic stability

Since the late 1990s, a broad reform movement has swept Latin America, aimed at granting independence to central banks and freeing them from government pressure to print money to finance government spending. Laws have been passed and constitutions changed to allow independent central banks to focus on the fight against inflation. A more complicated case […]

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