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Macroeconomic Volatility: The Policy Lessons from Latin America. IMF |
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Instituto de Investigaciones Económicas, UNAM
Centro de Documentación e Información
Programa de Servicios de Bancos de Información
INTER t i p s ... 2 0 0 6
en información económica
Victor Medina
Macroeconomic Volatility: The Policy Lessons from Latin America. IMF
Summary: The recent recovery in Latin America has been impressive but also raises the question whether this represents a fundamental break with the region's history of boom-bust cycles. The paper traces how this history of macroeconomic volatility and financial crisis over the past century has adversely impacted on growth and other development indicators, and the role played by policy instability. The paper then concludes that recent policies in the region offer encouragement that these vulnerabilities are being addressed, but notes that an important agenda still remains to be addressed.
| | | | Series: | Working Paper No. 06/166 |
| Author/Editor: | Singh, Anoop | | Authorized for Distribution: | July 1, 2006 | | Electronic Access: | Full Text in PDF format. (PDF file size is 383KB) |
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