How has Latin America coped with external shocks and economic vulnerabilities in the aftermath of the global financial crisis? Managing Economic Volatility in Latin America looks at how the region has fared in recent years in an environment of uncertainty. It presents a collection of novel...

Do governments in Latin America tend to be optimistic when preparing budgetary projections? We address this question by constructing a novel dataset of the authorities' fiscal forecasts in six Latin American economies using data from annual budget documents over the period 2000-2018. In turn, we...

The fiscal policy response to the COVID-19 shock in most LAC countries was much larger than during the GFC, suggesting fiscal space was not as tight as expected. We argue that it is feasible and desirable, though not without risks, to embark in a more gradual consolidation path than currently...

Introduction : book in brief / Marcos Chamon, David Hofman, Nicolás E. Magud, and Alejandro Werner. Why intervene? / Marcos Chamon and NIcolás E. Magud -- A taxonomy of intervention / Oscar A. Hendrick, Nicolás E. Magud, and Asad Qureshi -- The effectiveness of intervention / Marcos Chamon,...