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010   $a9786613828514
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010   $a1451990359
010   $a9781283516068
010   $a1283516063
010   $a9781451910001
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035   $a(PQKBTitleCode)TC0000948696
035   $a(PQKBWorkID)10950753
035   $a(PQKB)11105113
035   $a(OCoLC)568151314
035   $a(IMF)WPIEE2006287
035   $a(MiAaPQ)EBC3012553
035   $a(IMF)WPIEA2006287
035   $aWPIEA2006287
035   $a(EXLCZ)993360000000443778
100   $a20020129d2006      uf         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aVolatility and Growth in Latin America : $eAn Episodic Approach /$fRatna Sahay, Rishi Goyal
205   $a1st ed.
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (54 p.)
225 1 $aIMF Working Papers
300   $a"December 2006."
311 08$a9781451865479 
311 08$a1451865473 
320   $aIncludes bibliographical references (p. 49-52).
327   $a""Contents""; ""I. INTRODUCTION""; ""II. THE BUILDING BLOCKS""; ""III. LEVEL AND VOLATILITY OF MACROECONOMIC OUTCOMES""; ""IV. MAGNITUDE AND VOLATILITY OF SHOCKS""; ""V. MACROECONOMIC POLICY VOLATILITY""; ""VI. STRUCTURAL POLICY VOLATILITY AND REFORM REVERSALS""; ""VII. CONSTRAINTS FACED BY POLICYMAKERS""; ""VIII. WHAT HAVE WE LEARNT SO FAR?""; ""IX. REGRESSION ANALYSISa???COMPLEMENTING THE EPISODIC APPROACH""; ""X. CONCLUSION""; ""APPENDIX I""; ""REFERENCES""
330 3 $aThis paper compares the pattern of macroeconomic volatility in 17 Latin American countries during episodes of high and low growth since 1970, examining in particular the role of policy volatility. Macroeconomic outcomes are distinguished from macroeconomic policies, structural reforms and reversals, shocks, and institutional constraints. Based on previous work, a composite measure of structural reforms is constructed for the 1970-2004 period. We find that outcomes and policies are more volatile in low growth episodes, while shocks (except U.S. interest rates) are similar across episodes. Fiscal policy volatility is associated with lower growth, but fiscal policy procyclicality is not. Low levels of market-oriented reforms and structural reform reversals are also associated with lower growth.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/287
606   $aBusiness cycles$zLatin America
606   $aBanks and Banking$2imf
606   $aCaribbean$2imf
606   $aComparative or Joint Analysis of Fiscal and Monetary Policy$2imf
606   $aCurrency crises$2imf
606   $aCurrency$2imf
606   $aEconometric and Statistical Methods: Special Topics: General$2imf
606   $aEconomic & financial crises & disasters$2imf
606   $aEconomic History: Macroeconomics$2imf
606   $aExchange rate arrangements$2imf
606   $aFinance$2imf
606   $aFinancial crises$2imf
606   $aFinancial services$2imf
606   $aFiscal Policy$2imf
606   $aFiscal policy$2imf
606   $aForeign Exchange$2imf
606   $aForeign exchange$2imf
606   $aGrowth and Fluctuations: Latin America$2imf
606   $aInstitutions and the Macroeconomy$2imf
606   $aInterest rates$2imf
606   $aInterest Rates: Determination, Term Structure, and Effects$2imf
606   $aMacroeconomics$2imf
606   $aMacrostructural analysis$2imf
606   $aPublic Finance$2imf
606   $aReal interest rates$2imf
606   $aStabilization$2imf
606   $aStructural reforms$2imf
606   $aTreasury Policy$2imf
607   $aLatin America$xEconomic policy
607   $aLatin America$xEconomic conditions
607   $aVenezuela, República Bolivariana de$2imf
615  0$aBusiness cycles
615  7$aBanks and Banking
615  7$aCaribbean
615  7$aComparative or Joint Analysis of Fiscal and Monetary Policy
615  7$aCurrency crises
615  7$aCurrency
615  7$aEconometric and Statistical Methods: Special Topics: General
615  7$aEconomic & financial crises & disasters
615  7$aEconomic History: Macroeconomics
615  7$aExchange rate arrangements
615  7$aFinance
615  7$aFinancial crises
615  7$aFinancial services
615  7$aFiscal Policy
615  7$aFiscal policy
615  7$aForeign Exchange
615  7$aForeign exchange
615  7$aGrowth and Fluctuations: Latin America
615  7$aInstitutions and the Macroeconomy
615  7$aInterest rates
615  7$aInterest Rates: Determination, Term Structure, and Effects
615  7$aMacroeconomics
615  7$aMacrostructural analysis
615  7$aPublic Finance
615  7$aReal interest rates
615  7$aStabilization
615  7$aStructural reforms
615  7$aTreasury Policy
700   $aSahay$b Ratna$01083526
701   $aGoyal$b Rishi$01816430
712 02$aInternational Monetary Fund.$bFinance Dept.
712 02$aInternational Monetary Fund.$bWestern Hemisphere Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910975146703321
996   $aVolatility and Growth in Latin America$94372558
997   $aUNINA