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Economic Survey of Latin America and the Caribbean 2007-2008

Macroeconomic Policy and Volatility

image of Economic Survey of Latin America and the Caribbean 2007-2008

The Economic Survey is one of ECLAC's flagship publications, and has been issued since 1948. This new edition covers the region's economic performance in 2007 and the first semester of 2008, and suggests growth estimates for this year.

English

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Volatility and crisis in Latin America and the Caribbean: The empirical evidence

This chapter analyses the available empirical evidence on real macroeconomic volatility in Latin America and the Caribbean in order to provide an updated picture of the related phenomena and of the constraints and opportunities for the design and application of effective policies to reduce that volatility. To that end, the chapter begins by setting out a conceptual framework in order to construct and interpret the stylized facts to be described and analysed later.

English

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