Macroeconomics for development in Latin America and the Caribbean: Some new considerations on countercyclicality
Includes bibliography.
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| Lenguaje: | English |
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ECLAC
2014
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| Acceso en línea: | http://hdl.handle.net/11362/35910 |
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oai-11362-359102020-03-06T16:50:27Z Macroeconomics for development in Latin America and the Caribbean: Some new considerations on countercyclicality Titelman Kardonsky, Daniel Pérez Caldentey, Esteban MACROECONOMIA DESARROLLO ECONOMICO POLITICA ECONOMICA BALANZA DE PAGOS MACROECONOMICS ECONOMIC DEVELOPMENT ECONOMIC POLICY BALANCE OF PAYMENTS Includes bibliography. The Macroeconomics for development blue print for Latin America and the Caribbean is articulated around two issues: an active strategy of productive development and a counter cyclical policy stance. Macroeconomic counter cyclicality refers to the management of the level of aggregate demand to dampen the fluctuations and volatility of real and nominal variables around their long-term trends. This paper argues that cycle and trend are interdependent and that, as a result, counter cyclical policies (i.e., aggregate demand policies) are not neutral to the long-run behaviour of economies. Introduction .-- I. The long-run performance of Latin America: high volatility and low growth .-- II. The balance-of-payments dominance .-- III. Completing the Macroeconomics for development blue-print's view of countercyclicality .-- IV. Conclusion. 2014-03-10T15:56:31Z 2014-03-10T15:56:31Z 2013-12 Texto Documento Completo http://hdl.handle.net/11362/35910 LC/L.3744 en Serie Financiamiento para el Desarrollo 246 .pdf application/pdf AMERICA LATINA Y EL CARIBE LATIN AMERICA AND THE CARIBBEAN ECLAC |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
MACROECONOMIA DESARROLLO ECONOMICO POLITICA ECONOMICA BALANZA DE PAGOS MACROECONOMICS ECONOMIC DEVELOPMENT ECONOMIC POLICY BALANCE OF PAYMENTS |
| spellingShingle |
MACROECONOMIA DESARROLLO ECONOMICO POLITICA ECONOMICA BALANZA DE PAGOS MACROECONOMICS ECONOMIC DEVELOPMENT ECONOMIC POLICY BALANCE OF PAYMENTS Titelman Kardonsky, Daniel Pérez Caldentey, Esteban Macroeconomics for development in Latin America and the Caribbean: Some new considerations on countercyclicality |
| description |
Includes bibliography. |
| format |
Texto |
| author |
Titelman Kardonsky, Daniel Pérez Caldentey, Esteban |
| author_facet |
Titelman Kardonsky, Daniel Pérez Caldentey, Esteban |
| author_sort |
Titelman Kardonsky, Daniel |
| title |
Macroeconomics for development in Latin America and the Caribbean: Some new considerations on countercyclicality |
| title_short |
Macroeconomics for development in Latin America and the Caribbean: Some new considerations on countercyclicality |
| title_full |
Macroeconomics for development in Latin America and the Caribbean: Some new considerations on countercyclicality |
| title_fullStr |
Macroeconomics for development in Latin America and the Caribbean: Some new considerations on countercyclicality |
| title_full_unstemmed |
Macroeconomics for development in Latin America and the Caribbean: Some new considerations on countercyclicality |
| title_sort |
macroeconomics for development in latin america and the caribbean: some new considerations on countercyclicality |
| publisher |
ECLAC |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/35910 |
| work_keys_str_mv |
AT titelmankardonskydaniel macroeconomicsfordevelopmentinlatinamericaandthecaribbeansomenewconsiderationsoncountercyclicality AT perezcaldenteyesteban macroeconomicsfordevelopmentinlatinamericaandthecaribbeansomenewconsiderationsoncountercyclicality |
| _version_ |
1718435156321107968 |