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- W1529181622 abstract "Macroeconomic populism is an approach to economics that emphasizes growth and income distribution and deemphasizes the risks of inflation and deficit finance, external constraints and the reaction of economic agents to aggressive non-market policies. The purpose of our paper is to show that policy experiences in different countries and periods share common features, from the initial conditions, the motivation for policies, the argument that the country's conditions are different, to the ultimate collapse. Our purpose in setting out these experiences, those of Chile under Allende and of Peru under Garcia, is not a righteous assertion of conservative economics, but rather a warning that populist policies do ultimately fail; and when they fail it is always at a frightening cost to the very groups who were supposed to be favored. Our central thesis is that the macroeconomics of various experiences is very much the same, even if the politics differed greatly." @default.
- W1529181622 created "2016-06-24" @default.
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- W1529181622 date "1989-05-01" @default.
- W1529181622 modified "2023-09-26" @default.
- W1529181622 title "Macroeconomic Populism in Latin America" @default.
- W1529181622 cites W2798876810 @default.
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- W1529181622 doi "https://doi.org/10.3386/w2986" @default.
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