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

23 Pages Posted: 20 Apr 2011

See all articles by Michael Gavin

Michael Gavin

affiliation not provided to SSRN

Ricardo Hausmann

Harvard University - Harvard Kennedy School (HKS)

Roberto Perotti

Bocconi University - Department of Economics; European University Institute - Economics Department (ECO); Centre for Economic Policy Research (CEPR)

Ernesto Talvi

Centro de Estudios de la Realidad Economica y Social (CERES)

Date Written: March 1996

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.

Suggested Citation

Gavin, Michael and Hausmann, Ricardo and Perotti, Roberto and Talvi, Ernesto, Managing Fiscal Policy in Latin America and the Caribbean: Volatility, Procyclicality, and Limited Creditworthiness (March 1996). IDB Working Paper No. 269. Available at SSRN: https://ssrn.com/abstract=1815955 or http://dx.doi.org/10.2139/ssrn.1815955

Michael Gavin

affiliation not provided to SSRN

Ricardo Hausmann

Harvard University - Harvard Kennedy School (HKS) ( email )

79 John F. Kennedy Street
Mailbox 34
Cambridge, MA 02138
United States
617-496-3740 (Phone)
617-496-8753 (Fax)

HOME PAGE: http://www.hks.harvard.edu/about/faculty-staff-directory/ricardo-hausmann

Roberto Perotti

Bocconi University - Department of Economics ( email )

Via Gobbi 5
Milan, 20136
Italy

European University Institute - Economics Department (ECO) ( email )

Villa San Paolo
Via della Piazzuola 43
50133 Florence
Italy

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Ernesto Talvi

Centro de Estudios de la Realidad Economica y Social (CERES) ( email )

Antonio Costa 3476
11300 Montevideo
Uruguay
(5982)628-7703 / 628 76 44 (Phone)
(5982)622-0526 (Fax)

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