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

Hausmann, Ricardo; Gavin, Michael

doi:10.2139/ssrn.1815944

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

IDB Working Paper No. 259

33 Pages Posted: 20 Apr 2011

See all articles by Ricardo Hausmann

Ricardo Hausmann

Harvard University - Harvard Kennedy School (HKS)

Michael Gavin

affiliation not provided to SSRN

Date Written: January 1996

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.

Suggested Citation: Suggested Citation

Hausmann, Ricardo and Gavin, Michael, Securing Stability and Growth in a Shock Prone Region: The Policy Challenge for Latin America (January 1996). IDB Working Paper No. 259, Available at SSRN: https://ssrn.com/abstract=1815944 or http://dx.doi.org/10.2139/ssrn.1815944