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dc.contributor.authorBresser-Pereira, Luiz Carlos
dc.date.accessioned2017-05-15T12:36:39Z
dc.date.available2017-05-15T12:36:39Z
dc.date.issued2017
dc.identifier.siciTD 452
dc.identifier.urihttp://hdl.handle.net/10438/18245
dc.description.abstractThis paper discusses two closely related concepts – the Dutch disease and the natural resource curse – and a third one, exchange rate populism, associated to the curse. The Dutch disease is a long-term overvaluation of the national currency that originates from the exports of commodities which originate Ricardian rents. The natural resource curse is the generalized rent-seeking that takes over a country that exports commodities. And exchange rate populism is a political practice of keeping the national currency overvalued, so to assure reelection to the politician. This paper shows that the curse and the populism will make difficult for a country to neutralize the Dutch disease, which blocks investment and growth, but argues that the fight against the natural resource curse and the exchange rate populism will be strengthened if the policymakers realize that there is a relatively simple policy that effectively neutralize the disease – a policy that was sketched almost ten years ago (Bresser-Pereira 2009), but remains hardly known by economists.eng
dc.language.isoeng
dc.relation.ispartofseriesEESP - Textos para Discussão;TD 452por
dc.subjectDutch diseaseeng
dc.subjectNatural resource curseeng
dc.subjectExchange rate populismeng
dc.subjectGrowtheng
dc.titleHow to neutralize the Dutch disease notwithstanding the natural resources curseeng
dc.typeWorking Papereng
dc.subject.areaEconomiapor
dc.contributor.unidadefgvEscolas::EESPpor
dc.subject.bibliodataModelos econométricospor
dc.subject.bibliodataDesenvolvimento econômicopor


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