Links to past projects

Sustainable Development, Fiscal Policy and Natural Resources Managment. Bolivia, Chile and Peru in the Nordic countries’ mirror . Financed by the Swedish Research Council (3 years).

I am the co-lead researcher of the project comprised by historians, economists and economic historians from Bolivia, Chile, Norway, Peru, Sweden and Spain. The aim of the project is to identify and compare the development and performance of natural resource policy in selected Latin American countries (Bolivia, Chile and Peru) that are particularly rich in similar endowments of mineral resources and have a history of comparable conflicts with the development in the Nordic countries (Finland, Norway and Sweden). The project addresses the historical development of the countries’ natural resources policy and seeks to identify lessons learned and success stories that are relevant to current policy in low and middle income countries with significant reserves of natural resources. The core of the project outlines three dimensions: i) Genuine savings; ii) economic links between natural resources and the rest of the economy, providing particular attention to the accumulation of knowledge; and iii) fiscal indicators measuring the dependence on natural resources.

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The Fiscal and Monetary History of Bolivia, 1960-2015. Financed by the Becker-Friedman Institute, University of Chicago.

This project takes part of a broader initiative which seeks to analyze the fiscal and monetary policies of eleven Latin American countries: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay and Venezuela. The Bolivian case was initially studied by Timothy Kehoe and Carlos Gustavo Machicado, whom invited me to join the project. The analysis identifies the causes and effects of fiscal instability in Bolivia (a country that suffered one of the worst hyperinflation processes in world economic history), and aims to evaluate the fiscal sustainability of present-day fiscal policies.

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