Macroeconomic Volatility: The Policy Lessons from Latin America

July 1, 2006

Preview Citation

Format: Chicago

Anoop Singh. Macroeconomic Volatility: The Policy Lessons from Latin America, (USA: International Monetary Fund, 2006) accessed December 22, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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.

Subject: Financial crises, Fiscal policy, Government asset and liability management, Inflation, Public debt

Keywords: Country, Exchange rate, Interest rate, Terms of trade, WP

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2006/166
Stock No:

WPIEA2006166
ISBN:

9781451864267
ISSN:

1018-5941

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