LEADER 05106nam 2200673Ia 450 001 9910451569603321 005 20200520144314.0 010 $a1-4639-8290-9 010 $a1-4639-3042-9 010 $a1-283-53368-5 010 $a9786613846136 010 $a1-4639-6322-X 035 $a(CKB)2550000000102628 035 $a(EBL)1588318 035 $a(SSID)ssj0000674641 035 $a(PQKBManifestationID)11449534 035 $a(PQKBTitleCode)TC0000674641 035 $a(PQKBWorkID)10662477 035 $a(PQKB)10043594 035 $a(MiAaPQ)EBC1588318 035 $a(Au-PeEL)EBL1588318 035 $a(CaPaEBR)ebr10557459 035 $a(CaONFJC)MIL384613 035 $a(OCoLC)867928231 035 $a(EXLCZ)992550000000102628 100 $a20121025d2011 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 00$aRegional economic outlook$b[electronic resource] $iWestern Hemisphere $eshifting winds, new policy challenges 210 $aWashington, D. C. $cInternational Monetary Fund$dc2011 215 $a1 online resource (92 p.) 225 0$aWorld economic and financial surveys 300 $a"Oct 11." 311 $a1-61635-130-6 320 $aIncludes bibliographical references. 327 $aCover; Contents; Preface; Executive Summary; 1. Global, U.S., and Canadian Outlook and Challenges; 1.1. Global Outlook: Slowing Growth with Dominant Downside Risks; Policy Options: Rebalancing Demand; 1.2. United States: A Tough Balancing Act; U.S. Policy Options; 1.3. Canada: A Slowing Recovery; Canada Policy Options; 1.4. Implications for Latin America and the Caribbean; Boxes; 1.1. U.S. Housing and Labor Markets: Headwinds to Recovery; 1.2. U.S. Financial Exposure to Europe; 1.3. Budget Institutions for U.S. Fiscal Consolidation 327 $a2. Outlook and Policy Issues for Latin America and the Caribbean 2.1. Overview; 2.2. Policy Challenges; South America: Financial Integrated Commodity Exporters-Guarding against Overheating; South America: Less Financially Integrated Commodity Exporters-Avoiding Procyclicality; Mexico and Central America: More Headwinds to Growth; The Caribbean: Repairing Sovereign and Financial Balance Sheets; 2.3. How Tight Are Labor Markets in Inflation-Targeting Countries?; Estimating the Nonaccelerating Inflation Rate of Unemployment; Policy Implications; 2.4. Effectiveness of Macroprudential Policies 327 $aCross-Country Analysis Sectoral Evidence; Policy Implications; 2.5. Fiscal Consolidation Challenges in Tourism-Intensive Economies; 2.1. Latin America: Banking Sector Spillovers from the European Crisis; 2.2. Latin America: Fiscal Adjustment with Social Cohesion; 2.3. Rule-Based Fiscal Frameworks for Latin America; 2.4. Challenges for Financial Regulation and Supervision in Latin America; 2.5. Recent Sovereign Debt Restructurings in Latin America and the Caribbean; 3. Commodity Price Cycles: The Perils of Mismanaging the Boom; 3.1. Introduction 327 $a3.2. A Historical Perspective on Commodity Prices 3.3. How Commodity Dependent is Latin America?; 3.4. What Explains Economic Performance in the Face of Terms-of-Trade Busts?; Cross-Sectional Approach; A Panel Approach; 3.5. Key Takeaways and Policy Implications; 3.1. U.S. Monetary Policy and Commodity Prices; 3.2. Latin America's Commodity Dependence and Export Diversification: Selected Cases; 3.3. Export- or Import-Induced Terms-of-Trade Shocks: Are They Different?; 3.4. The Cost of Mismanaging Abundance; Annex 3.1. Additional Figures 327 $aAnnex 3.2. Cross-Sectional Approach: List of Explanatory and Control Variables Western Hemisphere: Selected Economic and Social Indicators, 2005-11; Western Hemisphere: Main Economic Indicators, October 2011; Latin America and the Caribbean: Main Fiscal Indicators, October 2011; References; New Publications from the Western Hemisphere Department, January 2010-August 2011 330 $aDespite the recent deterioration in the global economic environment, projections for the region involve only a modest worsening of the outlook. The October 2011 Regional Economic Outlook: Western Hemisphere cautions, however, that there are severe downside risks. A sharp slowdown in Asia, for example in response to a recession in advanced economies, could impact commodity prices, with negative effects on Latin American commodity exporters. With global monetary policy likely to remain accommodative, capital flows could exacerbate overheating and amplify vulnerabilities in emerging markets. 410 0$aRegional Economic Outlook 517 3 $aWestern Hemisphere 606 $aEconomic forecasting$zWestern Hemisphere 607 $aWestern Hemisphere$xEconomic conditions$y21st century 608 $aElectronic books. 615 0$aEconomic forecasting 676 $a332.1 712 02$aInternational Monetary Fund. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910451569603321 996 $aRegional economic outlook$91916023 997 $aUNINA