Macroeconomic Volatility In Latin America PDF Download
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Author | : Ricardo J. Caballero |
Publisher | : IDB |
Total Pages | : 186 |
Release | : 2001 |
Genre | : Business & Economics |
ISBN | : 9781931003070 |
Download Macroeconomic Volatility in Reformed Latin America Book in PDF, ePub and Kindle
Author | : Rishi Goyal |
Publisher | : International Monetary Fund |
Total Pages | : 54 |
Release | : 2006-12-01 |
Genre | : Business & Economics |
ISBN | : 1451865473 |
Download Volatility and Growth in Latin America Book in PDF, ePub and Kindle
This paper compares the pattern of macroeconomic volatility in 17 Latin American countries during episodes of high and low growth since 1970, examining in particular the role of policy volatility. Macroeconomic outcomes are distinguished from macroeconomic policies, structural reforms and reversals, shocks, and institutional constraints. Based on previous work, a composite measure of structural reforms is constructed for the 1970-2004 period. We find that outcomes and policies are more volatile in low growth episodes, while shocks (except U.S. interest rates) are similar across episodes. Fiscal policy volatility is associated with lower growth, but fiscal policy procyclicality is not. Low levels of market-oriented reforms and structural reform reversals are also associated with lower growth.
Author | : Ricardo J. Caballero |
Publisher | : |
Total Pages | : 62 |
Release | : 2000 |
Genre | : Argentina |
ISBN | : |
Download Macroeconomic Volatility in Latin America Book in PDF, ePub and Kindle
After decades of trial, error, and occasional regress the pieces of a successful Latin American economic model can be seen scattered among the leading economies of the region. The most traditional macroeconomic maladies of the emerging world - such as chronic fiscal imbalances and monetary gimmicks are gradually being left behind. Many of these economies have made significant progress in their regulatory and supervisory frameworks and, at times, have been leaders beyond Latin American boundaries in allowing private sector co-participation in a wide array of ex-public sector activities. Despite these significant efforts, several structural sources of volatility remain, and new ones have emerged as a result of the new and otherwise better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile and Mexico.
Author | : Mr.R. Gelos |
Publisher | : International Monetary Fund |
Total Pages | : 202 |
Release | : 2014-03-27 |
Genre | : Business & Economics |
ISBN | : 1484377133 |
Download Managing Economic Volatility in Latin America Book in PDF, ePub and Kindle
How has Latin America coped with external shocks and economic vulnerabilities in the aftermath of the global financial crisis? Managing Economic Volatility in Latin America looks at how the region has fared in recent years in an environment of uncertainty. It presents a collection of novel contributions on capital flows, terms of trade, and macroeconomic policy in Latin America. The rigorous expert analysis offers an up-to-date guide to many of the key economic policy questions in the region. Chapters focus on important analytical issues, including assessing reserves adequacy and current account levels. The roles of macroeconomic policies and exchange rates regimes in coping with large capital inflows are examined, as well as the effectiveness of both monetary policy and fiscal policy in dealing with economic challenges in the region.
Author | : Anoop Singh |
Publisher | : International Monetary Fund |
Total Pages | : 36 |
Release | : 2006-07 |
Genre | : Business & Economics |
ISBN | : |
Download Macroeconomic Volatility Book in PDF, ePub and Kindle
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.
Author | : Ricardo J. Caballero |
Publisher | : |
Total Pages | : 0 |
Release | : 2003 |
Genre | : |
ISBN | : |
Download Macroeconomics Volatility in Latin America Book in PDF, ePub and Kindle
After decades of trial, error, and occasional regress, the pieces of a successful Latin American economic model can be seen scattered among the leading economies of the region. The most traditional macroeconomic maladies of the emerging world - such as chronic fiscal imbalances and monetary gimmicks - are gradually being left behind. Many of these economies have made significant progress in their regulatory and supervisory frameworks and, at times, have been leaders beyond Latin American boundaries in allowing private sector co-participation in a wide array of ex-public sector activities. Despite these significant efforts, several structural sources of volatility remain, and new ones have emerged as a result of the new and otherwise better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile and Mexico.
Author | : Ricardo J. Caballero |
Publisher | : |
Total Pages | : 170 |
Release | : 2001 |
Genre | : |
ISBN | : |
Download Macroeconomic volatility in reformed Latin America Book in PDF, ePub and Kindle
Author | : United Nations |
Publisher | : UN |
Total Pages | : 152 |
Release | : 2009 |
Genre | : Business & Economics |
ISBN | : 9789211216776 |
Download Economic Survey of Latin America and the Caribbean 2007-2008 Book in PDF, ePub and Kindle
Special 60th Anniversary Edition! The Economic Survey is one of ECLAC's flagship publications, and has been issued since 1948. This new edition covers the region's economic performance in 2007 and the first semester of 2008, and suggests growth estimates for this year. The first chapter is a regional overview, including an analysis of economic policies applied in different countries, and their performance in terms of economic activity, inflation, labor markets, trade and capital flows. The following three chapters deal with the issue of macroeconomic volatility and its relevance in Latin America, empirical evidence of volatility and crisis in the region, and volatility, cycles and policy response. As it is an anniversary edition, the report has an additional special chapter on the 60 years of the Economic Survey. As in each edition, the report also provides data on the economic evolution of each country in the region and includes a statistical
Author | : Silvio Borner |
Publisher | : Springer |
Total Pages | : 403 |
Release | : 1998-04-12 |
Genre | : Political Science |
ISBN | : 1349262846 |
Download The Political Dimension of Economic Growth Book in PDF, ePub and Kindle
The state and its institutions are crucial for economic development: for better and for worse. This insight informs this important, up-to-date and authoritative survey of new trends in growth economics and the widely divergent economic performance of developing countries - for example, between Latin America and South-east Asia - which seemed to be similarly placed just a generation ago. The decisive role of the political dimension in economic growth seems clear but there are many challenges to be met in getting an analytical handle on the precise determinants and in testing empirically for this. This is the challenge taken up by the international team of contributors.
Author | : Eduardo Wiesner |
Publisher | : Edward Elgar Publishing |
Total Pages | : 297 |
Release | : 2009-01-01 |
Genre | : Business & Economics |
ISBN | : 184844026X |
Download The Political Economy of Macroeconomic Policy Reform in Latin America Book in PDF, ePub and Kindle
This book is a must read for anyone interested in policy reforms in Latin America. The author combines tremendous experience in the field and deep knowledge of economic theory: a rare combination. Alberto Alesina, Harvard University, US One of the key contributions of this book is its insistence on the importance of policy, institutional and political accountability for evaluating and enhancing macroeconomic performance and for reducing inequality. John B. Taylor, Stanford University and Hoover Institution, US Dr Wiesner combines a command of modern political and economic theories and detailed knowledge of Latin America to clarify why reform of policies and institutions has proved so difficult in that region. His general conclusion is that initial conditions of inequality and poverty reduce the demand for reform, but he finds that the process manifests itself differently in different countries. He identifies several necessary conditions for breaking out of these vicious circles. Scholars and practitioners alike can learn from his impressively thorough and detailed analysis. Avinash K. Dixit, Princeton University, US This book argues insightfully that underdevelopment is the result of the political economy difficulties some countries have in the effectiveness of public expenditures in general and of social pro-poor expenditures in particular. The policy implication is that reform strategies should focus on identifying the wrong political incentives in public expenditures. Ricardo Hausmann, Harvard University, US Eduardo Wiesner s book makes an important contribution to the understanding of development by blending together the interdependent issues of (i) macroeconomic performance and volatility, (ii) equity and distributive justice, (iii) fiscal deficits and the redistributive effectiveness of social public expenditures, and (iv) the demand for the right institutions and for policy reform in Latin America. It does this by examining recent macroeconomic crises from a political economy perspective, and finds that information is the critical algorithm that links together the demand for macroeconomic stability, macroeconomic performance and, ultimately, distributive justice. This volume is geared toward those interested in the political economy of development and policy reform in general and in Latin America, including academics, policy makers, and the general reader.