IDEAS home Printed from
   My bibliography  Save this paper

Macroeconomic Coordination Policies: Why and How?: From Europe to MERCOSUR


  • Moccero, Diego
  • Winograd, Carlos


This paper was prepared within the framework of "Deeper Integration of MERCOSUR: Dealing with Disparities", a joint initiative between the Integration and Regional Programs Department and the Operations Department 1 of the Inter-American Development Bank. Given the relatively lower political incentives for interdependence in MERCOSUR than in the European experience, economic disturbances and economic lobbies may prevail in times of crisis increasing the risks of derailing the integration process. The authors of this paper draw from the lessons from the European experience of macroeconomic coordination since the early days of the European Economic Community and discuss the main differences between MERCOSUR and the European Union regarding the economic and institutional environment. In the first section of the paper, they combine the lessons obtained from the European experience and the fundamental disparities to be faced in the MERCOSUR to design a specific macroeconomic policy coordination agenda for the region. In the second section they account for the European history of macroeconomic coordination, whereas the third section analyses the main disparities constraining the cooperation policies in MERCOSUR. In light of the previous sections, the fourth part of the study will discuss the appropriate design of macroeconomic coordination in the region, with the fifth section containing the conclusions.

Suggested Citation

  • Moccero, Diego & Winograd, Carlos, 2011. "Macroeconomic Coordination Policies: Why and How?: From Europe to MERCOSUR," IDB Publications (Working Papers) 2934, Inter-American Development Bank.
  • Handle: RePEc:idb:brikps:2934

    Download full text from publisher

    File URL:
    Download Restriction: no


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Heymann, Daniel & Ramos, Adrián, 2005. "MERCOSUR in transition: macroeconomic perspectives," Documentos de Proyectos 55, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Garcia Rocabado, Daniel, 2010. "The road to monetary union in Latin America: An EMS-type fixed exchange rate system as an intermediate step," W.E.P. - Würzburg Economic Papers 85, University of Würzburg, Chair for Monetary Policy and International Economics.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idb:brikps:2934. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Felipe Herrera Library). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.