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- W2113851208 abstract "Open economies, particularly emerging markets and commodity-intensive economies, deal with large external shocks. Interestingly enough, policy reactions and policy set-ups may dampen or amplify the consequences of these shocks, affecting the magnitude of the shock. This paper revisits the recent experience of policy frameworks and reactions in three countries: Australia, Brazil and Chile. In particular, we analyse and evaluate alternative policy set-ups and policy reactions to the Asian crisis in the period 1997-98, and to the lower world growth and higher risk aversion in 2001-2002." @default.
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- W2113851208 date "2005-05-01" @default.
- W2113851208 modified "2023-09-27" @default.
- W2113851208 title "Policy Responses to External Shocks: The Experiences of Australia, Brazil, and Chile" @default.
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