라틴아메리카의 경제위기 극복과 거시경제정책 요인에 대한 비판적 고찰
A Critical Assessment of Macroeconomic Policy Factor in the Recovery from the Economic Crisis in Latin America
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This paper presents the argument that the economies of Latin America had a relatively rapid recovery from the crisis, a recovery which cannot be attributed to the Latin American countries’ domestic macroeconomic policies. Although macroeconomic policy cannot be ignored as important for good economic performance during the boom period and recovery, we demonstrate that the recovery has been based upon a combination of favorable external conditions. To show the limitations of macroeconomic policies we analyze their characteristics during the economic boom period, which is considered erroneously countercyclical. Finally, we examine how policies affected the recovery, revealing their limitations.
Abstract
This paper presents the argument that the economies of Latin America had a relatively rapid recovery from the crisis, a recovery which cannot be attributed to the Latin American countries’ domestic macroeconomic policies. Although macroeconomic policy cannot be ignored as important for good economic performance during the boom period and recovery, we demonstrate that the recovery has been based upon a combination of favorable external conditions. To show the limitations of macroeconomic policies we analyze their characteristics during the economic boom period, which is considered erroneously countercyclical. Finally, we examine how policies affected the recovery, revealing their limitations.
참고문헌 (31)
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