Economics Matters with Laurence Kotlikoff

Learning Fiscal Policies From Former Finance Minister of Chile Felipe Larraine

Jan 11, 2024

53:10

Professor Kotlikoff is joined by Felipe Lorraine, one of the world's most respected economic leaders. He served twice as Finance Minister of Chile under President PIñera's two administrations.

They explore the recent economic revolutions in Latin America, focusing on Chile and Argentina. Felipe brings us his insights on Argentina's post-election challenges, including high inflation and fiscal deficits, and they discuss the complex road to implementing measures aimed at reigniting economic prosperity.

Plus, a conversation surrounding dollarization, dissecting the impact of political and constitutional changes on investments, and tackling the controversial issue of ESG bonds.

Topics Covered:

05:19 Felipe found vocation in high school.

07:50 Transition to government, successful impact on economy.

10:28 Finance minister explores and issues green bonds.

16:23 Challenges of working in government and economics.

19:54 Chile's growth rate dropped, impacting per capita income.

23:56 Issue with productivity growth, negative for 8 years.

25:18 Is left-right division inherent in Chilean society?

30:47 Constitution improved women's rights, current admin reforms.

33:40 Political fragmentation hindering government and country progress.

37:33 Argentina faces high inflation, government intervention, deficits.

40:11 Argentina faces economic challenges, needs legislative support.