Macroeconomic Volatility : The Policy Lessons from Latin America

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.
Publication date: July 2006
ISBN: 9781451864267
$15.00
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Topics covered in this book

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Inflation , International - Economics , Macroeconomic volatility , growth cycles , banking and currency crises , structural reform , fiscal frameworks , inflation , public debt , debt ratio , foreign currency , central bank , Macroeconomic Policy , Macroeconomic Aspects of Public Finance , and General Outlook: General

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