
The Monetary and Fiscal History of Latin America Project was launched in 2013 to analyze economic data from the ten largest countries of South America plus Mexico, to produce a comprehensive monetary and fiscal history of the region. The papers use a common conceptual framework and a comparable data set to narrate the economic histories of these eleven Latin American countries since 1960. The authors are country experts who participated in numerous meetings over five years to discuss and receive feedback on their findings.
The working papers were released at an event co-hosted with the Central Bank of Chile on August 24, 2018 in Santiago, followed by an event co-hosted with the Inter-American Development Bank (IDB) on September 24-25, 2018 in Washington, DC.
The project was organized and managed by the University of Chicago’s Fernando Alvarez and Lars Peter Hansen, the University of Minnesota’s Timothy Kehoe, the Minneapolis Federal Reserve Bank’s Juan Pablo Nicolini, and New York University’s Thomas Sargent, also a Senior Fellow with UChicago’s Kenneth C. Griffin Department of Economics. These distinguished scholars will also summarize key findings from the collective country case studies to highlight the impacts of specific policy options. The findings of this project will offer lessons for future policy in Latin America and other regions of the world.
The final papers will be released as a book in November, 2021. A unique data set drawing from these 11 countries is also available for each country below.
Download the comprehensive database for the MAFHOLA Project.
Working Papers
Videos
Highlights
Presentations from Santiago Conference, August 23–24, 2018
- The Case of Argentina
Slides below are presentations and comments on the Argentina working paper by Francisco Buera and Juan Pablo Nicolini.
- The Case of Brazil
Slides below are presentations and comments on the Brazil working paper by Márcio Garcia, João Ayres, Diogo Guillén and Patrick Kehoe.
- The Case of Chile
Slide below is a presentation on the Chile working paper by Rodrigo Caputo and Diego Saravia.
Photos from Santiago Conference, AUGUST 23–24, 2018
Presentations from DC Conference, September 24–25, 2018
- The Case of Argentina
Slide below is a comment based on the Argentina working paper by Francisco Buera and Juan Pablo Nicolini.
- The Case of Brazil
Slides below are presentations and comments on the Brazil working paper by Márcio Garcia, João Ayres, Diogo Guillén and Patrick Kehoe.
- The Case of Chile
Slides below are presentations and comments on the Chile working paper by Rodrigo Caputo and Diego Saravia.
- The Case of Colombia
Slide below is a presentation on the Colombia working paper by David Perez-Reyna and Daniel Osorio-Rodríguez.
- The Case of Mexico
Slide below is a presentation on the Mexico working paper by Felipe Meza.
- The Case of Peru
Slide below is a presentation on the Peru working paper by César Martinelli and Marco Vega.
- The Case of Uruguay
Slides below are presentations and comments on the Uruguay working paper by Joaquín Marandino and Gabriel Oddone.



























