Browsing FGV EESP - CND - Centro de Estudos do Novo Desenvolvimentismo by Issue Date

A structuralist Philips curve

Barbosa, Nelson
2011-10

This paper presents a structuralist model of the Philips curve and applies it to the US and Brazilian economies. The theoretical model starts from a simple markup rule to build a Philips curve based on the assumptions that ...

The decoupling of economic growth in world economy in the last decade and development strategies

Medeiros, Carlos Aguiar de
2011-15

A new stylized fact occurred in the last decade: the contribution of China and other developing countries to the global GDP was bigger than that explained by the US and other industrialized countries (Arceo; Urturi, 2010). ...

The 1999 Brazilian financial crisis: how to create a financial crisis by trying to avoid one

Palma, José Gabriel
2012

This paper attempts to understand the Brazilian financial crisis mainly from an ‘endogenous-failure’ perspective. It argues that the general mechanisms that led to this financial crisis were in essence endogenous to the ...

Europe’s financial crisis: the Euro’s flawed design and the consequences of lack of a government banker

Palley, Thomas I.
2012-03

This paper argues the euro zone requires a government banker that manages the bond market and helps finance country budget deficits. The euro solved Europe’s problem of exchange rate speculation by creating a unified ...

What we learned from the 2009 financial crises in emerging countries

Boyer, Robert
2012-03-15

During the quiet times of stable and rapid growth, economists tend to think that they totally master their discipline and that they have converged towards a correct understanding of macroeconomic dynamics. Similarly ...

Regulating the financial system in a Minskyian perspective

Kregel, Jan
2012-03-23

Hyman Minsky argued that the basic role of the financial system was to support the capital development of the economy. By this he meant more than just the gross accumulation of the capital stock, but rather a broader ...

Competitive exchange rates and macroeconomic theory

Flassbeck, Heiner
2012-03-23

Mainstream economic theories still suggest that financial markets, including the markets for currencies, smoothly and automatically solve the most complex and enduring economic problem, namely the transformation of today’s ...

A theoretical framework for a structuralist development macroeconomics

Bresser-Pereira, Luiz Carlos; Oreiro, José Luis
2012-03-23

Structuralist development economics was formulated between 1940 and 1960, in the context of great hopes after the II World War, by a group of economists associated to the transition of the League of Nations to the United ...

Financial stability and growth: what we learned from the 2008 financial crisis in Latin America

Salama, Pierre
2012-03-23

Depuis longtemps, la finance internationale joue un rôle important dans les économies du Sud et plus particulièrement en Amérique latine. Il suffit de se rappeler l’importance des financements internationaux dans la ...

How to manage a sustainable and stable competitive real exchange rate

Frenkel, Roberto
2012-03-23

The paper is presented in four sections. Following this Introduction, Section 1 discusses the stability and sustainability of the CRER target. The conclusions of this section provide the framework for the analysis of the ...