The macroeconomics of the Latin American economic boom
Includes bibliography
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| Lenguaje: | English |
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2014
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oai-11362-112292020-03-06T16:50:27Z The macroeconomics of the Latin American economic boom Ocampo, José Antonio CONDICIONES ECONOMICAS CRECIMIENTO ECONOMICO ESTADISTICAS ECONOMICAS FINANZAS INTERNACIONALES MACROECONOMIA MATERIAS PRIMAS MOVIMIENTOS DE CAPITAL POLITICA ECONOMICA POLITICA FISCAL POLITICA MONETARIA PRECIOS TIPOS DE CAMBIO CAPITAL MOVEMENTS ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC STATISTICS FISCAL POLICY FOREIGN EXCHANGE RATES INTERNATIONAL FINANCE MACROECONOMICS MONETARY POLICY PRICES RAW MATERIALS Includes bibliography This paper argues that the recent boom in the Latin Americaneconomies can be explained by the conjunction of two external factorsnot found together since the 1970s: strong commodity prices (more sofor hydrocarbons and mining products than for agricultural commodities);and exceptional external financing conditions. Concerning the latter, thekey development was the massive influx of capital during two periods of "exuberance" in international financial markets (between mid-2004 and April2006, and between mid-2006 and mid-2007);, particularly the second. It alsoargues for the importance of spreading and consolidating Latin America'stwo great (and complementary); macroeconomic policy innovations ofrecent years: countercyclical fiscal management (still confined to just a fewcountries); and active intervention in currency markets. Such interventionneeds to be based on a growing recognition that the real exchange rateought to be an explicit goal of macroeconomic policy. 2014-01-02T18:44:26Z 2014-01-02T18:44:26Z 2007-12 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/11229 LC/G.2347-P en CEPAL Review CEPAL Review 93 application/pdf AMERICA LATINA LATIN AMERICA |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
CONDICIONES ECONOMICAS CRECIMIENTO ECONOMICO ESTADISTICAS ECONOMICAS FINANZAS INTERNACIONALES MACROECONOMIA MATERIAS PRIMAS MOVIMIENTOS DE CAPITAL POLITICA ECONOMICA POLITICA FISCAL POLITICA MONETARIA PRECIOS TIPOS DE CAMBIO CAPITAL MOVEMENTS ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC STATISTICS FISCAL POLICY FOREIGN EXCHANGE RATES INTERNATIONAL FINANCE MACROECONOMICS MONETARY POLICY PRICES RAW MATERIALS |
| spellingShingle |
CONDICIONES ECONOMICAS CRECIMIENTO ECONOMICO ESTADISTICAS ECONOMICAS FINANZAS INTERNACIONALES MACROECONOMIA MATERIAS PRIMAS MOVIMIENTOS DE CAPITAL POLITICA ECONOMICA POLITICA FISCAL POLITICA MONETARIA PRECIOS TIPOS DE CAMBIO CAPITAL MOVEMENTS ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC STATISTICS FISCAL POLICY FOREIGN EXCHANGE RATES INTERNATIONAL FINANCE MACROECONOMICS MONETARY POLICY PRICES RAW MATERIALS Ocampo, José Antonio The macroeconomics of the Latin American economic boom |
| description |
Includes bibliography |
| format |
Texto |
| author |
Ocampo, José Antonio |
| author_facet |
Ocampo, José Antonio |
| author_sort |
Ocampo, José Antonio |
| title |
The macroeconomics of the Latin American economic boom |
| title_short |
The macroeconomics of the Latin American economic boom |
| title_full |
The macroeconomics of the Latin American economic boom |
| title_fullStr |
The macroeconomics of the Latin American economic boom |
| title_full_unstemmed |
The macroeconomics of the Latin American economic boom |
| title_sort |
macroeconomics of the latin american economic boom |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/11229 |
| work_keys_str_mv |
AT ocampojoseantonio themacroeconomicsofthelatinamericaneconomicboom AT ocampojoseantonio macroeconomicsofthelatinamericaneconomicboom |
| _version_ |
1718439038196645888 |