Economic policy in LatAm in the age of Covid
By Bank for International Settlements (BIS)
In this 2021 address, Alexandre Tombini reflects on the unprecedented economic "halt" caused by Covid-19 and the surprisingly strong recovery in late 2020. He argues that Latin America's ability to implement countercyclical policies—cutting interest rates to historical lows and providing liquidity backstops—was a direct result of decades spent building macro-financial safety buffers.
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