Volatility and Growth in Latin America : : An Episodic Approach / / Ratna Sahay, Rishi Goyal
(Visualizza in formato marc)
(Visualizza in BIBFRAME)
| Autore: |
Sahay Ratna
|
| Titolo: |
Volatility and Growth in Latin America : : An Episodic Approach / / Ratna Sahay, Rishi Goyal
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Edizione: | 1st ed. |
| Descrizione fisica: | 1 online resource (54 p.) |
| Soggetto topico: | Business cycles - Latin America |
| Banks and Banking | |
| Caribbean | |
| Comparative or Joint Analysis of Fiscal and Monetary Policy | |
| Currency crises | |
| Currency | |
| Econometric and Statistical Methods: Special Topics: General | |
| Economic & financial crises & disasters | |
| Economic History: Macroeconomics | |
| Exchange rate arrangements | |
| Finance | |
| Financial crises | |
| Financial services | |
| Fiscal Policy | |
| Fiscal policy | |
| Foreign Exchange | |
| Foreign exchange | |
| Growth and Fluctuations: Latin America | |
| Institutions and the Macroeconomy | |
| Interest rates | |
| Interest Rates: Determination, Term Structure, and Effects | |
| Macroeconomics | |
| Macrostructural analysis | |
| Public Finance | |
| Real interest rates | |
| Stabilization | |
| Structural reforms | |
| Treasury Policy | |
| Soggetto geografico: | Latin America Economic policy |
| Latin America Economic conditions | |
| Venezuela, República Bolivariana de | |
| Altri autori: |
GoyalRishi
|
| Note generali: | "December 2006." |
| Nota di bibliografia: | Includes bibliographical references (p. 49-52). |
| Nota di contenuto: | ""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 ANALYSIS�COMPLEMENTING THE EPISODIC APPROACH""; ""X. CONCLUSION""; ""APPENDIX I""; ""REFERENCES"" |
| Sommario/riassunto: | 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. |
| Titolo autorizzato: | Volatility and Growth in Latin America |
| ISBN: | 9786613828514 |
| 9781462390151 | |
| 1462390153 | |
| 9781451990355 | |
| 1451990359 | |
| 9781283516068 | |
| 1283516063 | |
| 9781451910001 | |
| 1451910002 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910975146703321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2006/287