Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/186622 
Year of Publication: 
1997
Series/Report no.: 
Texto para discussão No. 378
Publisher: 
Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio), Departamento de Economia, Rio de Janeiro
Abstract: 
Commercial integration in the Mercosur area has increased substantially in the last few years and it is expected to continue to grow rapidly in the near future. However, given the historical record of policy management in the region, especially in Brazil and Argentina, the main partners of this integration initiative, it is not clear whether macroeconomic policies will provide the required conditions of sustainability for such a rapid trade expansion. This paper discusses the relationship between macroeconomic coordination and commercial integration in the context of Mercosur. After examining the impact of policy instability on trade flows within the region in recent years, it evaluates the prospects for closer coordination of macroeconomic policies in the future.
JEL: 
F15
F36
F42
Document Type: 
Working Paper

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