G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w25523
来源IDWorking Paper 25523
The Monetary and Fiscal History of Bolivia, 1960\u20132017
Timothy J. Kehoe; Carlos Gustavo Machicado; José Peres-Cajías
发表日期2019-02-18
出版年2019
语种英语
摘要After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained growth. Indeed, it achieved unprecedented growth from 1960 to 1977. The rapid accumulation of debt due to persistent deficits and a fixed exchange rate policy during the 1970s led to a debt crisis that began in 1977. From 1977 to 1986, Bolivia lost almost all the gains in GDP per capita that it had achieved since 1960. In 1986, Bolivia started to grow again, interrupted only by the financial crisis of 1998–2002, which was the result of a drop in the availability of external financing. Bolivia has grown since 2002, but government policies since 2006 are reminiscent of the policies of the 1970s that led to the debt crisis, in particular, the accumulation of external debt and the drop in international reserves due to a de facto fixed exchange rate since 2012.
主题Macroeconomics ; Monetary Policy ; Fiscal Policy ; Public Economics ; National Fiscal Issues ; History ; Macroeconomic History
URLhttps://www.nber.org/papers/w25523
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/583222
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Timothy J. Kehoe,Carlos Gustavo Machicado,José Peres-Cajías. The Monetary and Fiscal History of Bolivia, 1960\u20132017. 2019.
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