Publications on Latin America

“A Solution to Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile,” 2013, Fiscal Policy and Macroeconomic Performance, L.Cespedes & J.Gali, eds., Series on Central Banking Analysis, and Economic Policies (Central Bank of Chile: Santiago). NBER WP No.16945, April 2011. Also in Spanish translation: Banco de Chile WP 602 Jan. 2011 or Journal Economía Chilena (The Chilean Economy) 2011, 14, no.2, Aug., pp.39-78.

"Are Bilateral Remittances Countercyclical?" Open Economies Review 22, no.1, Feb.2011, pp.1-16. NBER WP 15419.

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“A Comparison of Product Price Targeting and Other Monetary Anchor Options, for Commodity-Exporters in Latin America," Economia, vol.11 (Brookings Institution), 2011. NBER WP 16362.

"A Lesson From the South for Fiscal Policy in the US and Other Advanced Countries," Comparative Economic Studies, 2011, vol. 53, no. 3, pp 407-430.

Mexican peso crisis of 1994-95

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