What are the reasons for and the costs of Latin America's volatility? Because there is no consensus on these fundamental questions, there is no consensus on the appropriate policy response to macroeconomic volatility in Latin America, and other shock-prone countries. This paper provides new...

Finance ministries have been at the forefront of the response to the COVID-19 crisis, alongside other actors such as health ministries. They delivered substantial successive fiscal packages under considerable time and operational pressure, as speed was key to the success and effectiveness of...