The macroeconomics of the Latin American economic boom

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cepal.accesible32789
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberX/C 22(93/2007)
cepal.docTypeRevistas
cepal.topicEngFISCAL AFFAIRS
cepal.topicEngSTRUCTURAL HETEROGENEITY
cepal.topicEngMACROECONOMICS
cepal.topicEngECONOMIC STATISTICS
cepal.topicEngPRICES
cepal.topicSpaASUNTOS FISCALES
cepal.topicSpaHETEROGENEIDAD ESTRUCTURAL
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaESTADÍSTICAS ECONÓMICAS
cepal.topicSpaPRECIOS
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaESTADÍSTICAS
dc.contributor.authorOcampo, José Antonio
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.date.accessioned2014-01-02T18:44:26Z
dc.date.available2014-01-02T18:44:26Z
dc.date.issued2007-12
dc.descriptionIncludes bibliography
dc.description.abstractThis 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.
dc.formatTexto
dc.format.extentpáginas. 7-28
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2347-P
dc.identifier.urihttps://hdl.handle.net/11362/11229
dc.language.isoeng
dc.physicalDescriptionp. 7-28
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo93
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordLa macroeconomía de la bonanza económica latinoamericana
dc.relation.translationUrihttps://hdl.handle.net/11362/11219
dc.rights.coarDisponible
dc.subject.unbisEngCAPITAL MOVEMENTS
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngECONOMIC POLICY
dc.subject.unbisEngECONOMIC STATISTICS
dc.subject.unbisEngFISCAL POLICY
dc.subject.unbisEngFOREIGN EXCHANGE RATES
dc.subject.unbisEngINTERNATIONAL FINANCE
dc.subject.unbisEngMACROECONOMICS
dc.subject.unbisEngMONETARY POLICY
dc.subject.unbisEngPRICES
dc.subject.unbisEngRAW MATERIALS
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaESTADISTICAS ECONOMICAS
dc.subject.unbisSpaFINANZAS INTERNACIONALES
dc.subject.unbisSpaMACROECONOMIA
dc.subject.unbisSpaMATERIAS PRIMAS
dc.subject.unbisSpaMOVIMIENTOS DE CAPITAL
dc.subject.unbisSpaPOLITICA ECONOMICA
dc.subject.unbisSpaPOLITICA FISCAL
dc.subject.unbisSpaPOLITICA MONETARIA
dc.subject.unbisSpaPRECIOS
dc.subject.unbisSpaTIPOS DE CAMBIO
dc.titleThe macroeconomics of the Latin American economic boom
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublication75bd9c99-e6ae-4493-95c9-18b39dbca1db
relation.isAuthorOfPublication.latestForDiscovery75bd9c99-e6ae-4493-95c9-18b39dbca1db
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