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The Macroeconomics of Populism in Latin America (A National Bureau of Economic Research Conference Report) Genesis Press The Blue Aspic remains an

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The Macroeconomics of Populism in Latin America (A National Bureau of Economic Research Conference Report) Genesis Press The Blue Aspic remains anAgain and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons

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