real wages will have fallen lower than before Phase I began. Further reading Edwards, Sebastian. 2019. "On Latin American Populism, and Its Echoes around the World." Journal of Economic Perspectives, 33 (4): 76-99. Edwards, Sebastian and Rudiger Dornbusch (eds.). 1992. The Macroeconomics of Populism in Latin America. University of Chicago Press. References Macroeconomics Macroeconomic policy