Managing Fiscal Policy in Latin America and the Caribbean: Volatility, Procyclicality, and Limited Creditworthiness

Michael Gavin, Ricardo Hausmann, Roberto Perotti and Ernesto Talvi

No 6089, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: Latin America is volatile--about two to three times as volatile as the industrial economies. It is more volatile than any region other than Africa and the Middle East. Latin America's access to international financial markets is sporadic, and often disappears just when it would be most valuable.

Keywords: WP-326 (search for similar items in EconPapers)
Date: 1996-03
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Working Paper: Managing Fiscal Policy in Latin America and the Caribbean: Volatility, Procyclicality, and Limited Creditworthiness (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:6089

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