Inflation targeting has served countries in Latin America well . They have achieved macroeconomic stability by reducing inflation and the pass-through of external shocks such as oil price and exchange rate fluctuations (cf. Mishkin and Schmidt-Hebbel 2007).
Monetary policy in Latin America: Where are we going?
Christian Daude, 10 December 2012
Rethinking the ‘war on drugs’: Insights from the US and Mexico
Ernesto Zedillo, 22 May 2012
America’s most loved economics textbook (Mankiw 2012) uses the ‘war on drugs’ to illustrate how restricting supply when demand is inelastic increases the total cash spent on illegal drugs. Every anti-smuggling tactic makes each consignment more profitable. No wonder the US war on drugs is not going so well.
Getting ready: Preparation for exporting
Leonardo Iacovone, Beata Javorcik, 5 April 2012
Understanding how domestic companies could be supported in their efforts to break into export markets and diversify their range of export products is an important concern for policymakers. Indeed, export diversification is viewed as a way of stimulating growth by policymakers and academics alike (Rivera-Batiz and Romer 1991, Grossman and Helpman 1991, Hausmann et al 2007).
TPP negotiations, anticipatory trade creation, and implications for European trade policy
Florian Mölders, Ulrich Volz, 23 March 2012
The Trans-Pacific Partnership (TPP) agreement has been under negotiation since 2010. TPP negotiations build on the Trans-Pacific Strategic Economic Partnership Agreement (P4) between Brunei Darussalam, Chile, New Zealand, and Singapore, which was signed in June 2005 and entered into force in May 2006.
Does openness generate growth? Reconciling the experiences of Mexico and China
Timothy Kehoe, Kim Ruhl, 19 November 2011
Does opening to international trade and foreign investment generate economic growth? A large empirical literature employs regressions with a country’s growth rate as the dependent variable and some measure of openness among the independent variables.
The two faces of Wal-Mart in Mexico
Leonardo Iacovone, Beata Javorcik, Wolfgang Keller, James R Tybout, 20 August 2011
Wal-Mart is a company that polarises. While there is much to be said about the low prices and extensive selection Wal-Mart offers its customers, its business model can be controversial (LA Times 2011).
Did trade liberalisation benefit women? The case of Mexico in the 1990s
Ernesto Aguayo-Téllez, Jim Airola, Chinhui Juhn , 24 August 2010
Promoting gender equality is one of the eight Millennium Development Goals of the United Nations (UN 2009). The potential paths to achieving this goal are many. An oft-cited path is to raise global awareness of the issue and to directly campaign for change. Another possibility may be to integrate poorer and less-developed economies into world markets by encouraging trade liberalisation.
Multi-product exporters: Product churning, uncertainty and export discoveries
Leonardo Iacovone, Beata Javorcik, 1 August 2010
Virtually all successful development stories in the last few decades have been accompanied by massive increases in exports. It is not surprising therefore that the question of "how do firms start exporting?" is one of great interest to policymakers.
- Distilling the macroeconomic news flowBeber, Brandt, Luisi
- Fiscal consolidation: At what speed?Blanchard, Leigh
- Public debt and economic growth, one more timePanizza, Presbitero
- Escaping liquidity traps: Lessons from the UK’s 1930s escapeCrafts
- The lessons of the North Atlantic crisis for economic theory and policyStiglitz
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Reichlin, Baldwin, 14 April 2013