Securing Stability and Growth in a Shock Prone Region: The Policy Challenge for Latin America

Ricardo Hausmann and Michael Gavin

No 4020, Research Department Publications from Inter-American Development Bank, Research Department

Abstract: What are the reasons for and the costs of Latin America`s volatility? Because there is no consensus on these fundamental questions, there is no consensus on the appropriate policy response to macroeconomic volatility in Latin America, and other shock-prone countries. This paper provides new evidence on these contentious issues, and discusses policy implications for the region.

Date: 1996-01
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Citations: View citations in EconPapers (75)

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Working Paper: Securing Stability and Growth in a Shock Prone Region: The Policy Challenge for Latin America (1996)
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