Nonresident Senior Fellow - Global Economy and Development
Ernesto Talvi is a nonresident senior fellow in the Global Economy and Development program at the Brookings Institution.
He also serves as the director of the Brookings Global-CERES Economic and Social Policy in the Latin America Initiative, and as a visiting professor at Columbia University in New York. His work focuses on emerging markets macroeconomics with special emphasis on Latin America, stabilization programs, fiscal policy, capital flows and financial crises.
Dr. Talvi has extensive experience in economic policy. Between 2001 and 2011 he was a special advisor to the Research Department of the Inter-American Development Bank (IADB) on global and regional macroeconomic and financial affairs, contributing to the policy dialogue and the development of cross-country research work. Between 1995 and 1997 he served as a senior research economist at the Research Department of the Inter-American Development Bank. He was also a visiting scholar at the Research Department of the International Monetary Fund (IMF) in 1994.
Dr. Talvi also served as the chief economist and head of research of the Central Bank of Uruguay between 1990 and 1995. During that period, he was the chief advisor to Uruguay’s economic team (integrated by the Minister of Finance, the Governor of the Central Bank and the Director of Planning and Budget) and was in charge of the negotiations with the IMF. He was a professor of International Economics at the Universidad ORT in Uruguay and visiting lecturer at Universidad Torcuatto di Tella in Buenos Aires, Argentina. Finally, he is a founding member of the Latin-American Shadow Financial Regulatory Committee and was a member of the Executive Committee of the Latin American and Caribbean Economic Association.
Dr. Talvi has published several academic and policy papers in books and journals. He has a Ph.D. in economics and an M.B.A. in finance from the University of Chicago and a B.A. in economics from the Universidad de la República Oriental del Uruguay.
[Trump] will bring uncertainty to what today is the most militarily and economically important country in the world. The risk of economic paralysis [and] the potential for damage is immense, especially for emerging countries and Latin America, which is close by.
En los diez años del auge económico, los políticos se atribuyeron todo el mérito y vendieron la ilusión de que el futuro iba a ser luminoso. De alguna manera las personas sienten que se les secuestró el futuro y eso tiene un gran costo político.
Brazil doesn’t have a fundamental economic problem. It has as a credibility problem that can be solved relatively quickly if you have a government able and willing to do the right thing and the international community is able and willing to support Brazil.