My Library

University LibraryCatalogue

Limit search to items available for borrowing or consultation
Record 29 of 30
Result Page: Previous Next
Can't find that book? Try BONUS+
Look for full text

Search Discovery

Search CARM Centre Catalogue

Search Trove

Add record to RefWorks

Author Sahay, Ratna.

Title Volatility and Growth in Latin America [electronic resource] : An Episodic Approach / Ratna Sahay.

Published Washington, D.C. : International Monetary Fund, 2006.


Location Call No. Status
Physical description 1 online resource (52 p.)
Series IMF Working Papers; Working Paper ; No. 06/287
IMF Working Papers; Working Paper ; No. 06/287
Summary 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.
Notes Description based on print version record.
Other author Goyal, Rishi.
Sahay, Ratna.
Subject Econometric and Statistical Methods: Special Topics: General
Episodic Approach
Exchange Rate Regime
Fiscal Balance
Fiscal Policy
ISBN 1451865473 : 18.00 USD
ISSN 1018-5941
Standard Number 10.5089/9781451865479.001