Economic Policies in Emerging-Market Economies: Festschrift in Honor of Vittorio Corbo

Descripción

Editors: Ricardo Caballero and Klaus Schmidt-Hebbel
Central Bank of Chile, 2015

This Festschrift in honor of Professor Vittorio Corbo assembles frontier research on economic policies in emerging-market economies. This book addresses key policy questions in essays, theoretical models, and empirical research, in the fields of macroeconomics, financial integration, and economic development. The volume’s twelve chapters are organized in five major areas. Two essays on development thinking discuss the relation between global trade and growth, and the evolution of development thinking. Three models develop new interpretations of the recent global financial crisis, focusing on financial markets, capital flows, and financial stability. The book’s third part is comprised by three chapters on fiscal sustainability and fiscal rules. Monetary policy and the exchange rate are the subject of two subsequent chapters. The volume’s final part comprises two chapters on the relation between poverty and economic growth, and between trade liberalization and economic performance.

Blurbs

“A fitting collection of essays reflecting Vittorio Corbo’s wide-ranging contributions to economic policy”.
Jaime de Melo, Professor, Université de Genève

“This collection of papers well reflects Vittorio’s legacy and impact on hundreds of economists that have had the privilege of interacting with him: policy relevance, rigorous analysis, and a focus on emerging-market economies with an open mind. Thanks, Vittorio!”.
Rodrigo Valdés, Minister of Finance of Chile

“Vittorio Corbo is a leading scholar in the macroeconomics of emerging market economies. He has also been actively involved in policymaking as the Governor of the Central Bank of Chile. This volume, which includes twelve original articles presented at a conference honoring his distinguished career, contains theoretical and empirical research conducted by renowned economists in topics which are of paramount interest to emerging economies. For those researchers and policy makers interested in emerging economies, this volume will be of great help in understanding the main policy discussions, trade-offs, and dilemmas facing countries that represent an ever-increasing share of the world economy”.
Rodrigo Vergara, Governor, Central Bank of Chile