Titlebook: Consolidating Economic Governance in Latin America; Alejandro Angel Book 2021 The Editor(s) (if applicable) and The Author(s), under exclu

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Complementarity and Economic Governance,vice versa. Economic governance is a function of the creation of limits to the discretion of political actors relative to different economic policies, rather than a measure of economic performance. Complementary institutions represent such limits.

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The Chilean Pension System: Contentious Economic Governance,iation between the pension system and the military regime has prevented a compromise around it. The continuous debate around pensions in Chile underscores how lack of political consensus affects economic governance.

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,Conclusions: Limiting Discretion—The Problem of Economic Governance,ormance of one institution depends on the presence of another institution and vice versa, this study has argued that institutional complementarity buttresses economic governance. The latter is consolidated when complementary institutions successfully reduce the discretion economic agents enjoy.

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elucidate