Series: IMF Working Papers
Author(s): Ratna Sahay , and Rishi Goyal
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2006
Keywords: Growth, Volatility, Structural Reforms, Episodic Approach, fiscal policy, terms of trade, exchange rate regime, fiscal balance, trade liberalization, Econometric and Statistical Methods: Special Topics: General,
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 out...