Macroeconomics and development : Roberto Frenkel and the economics of Latin America / edited by Mario Damill, Martín Rapetti and Guillermo Rozenwurcell.

Format:

Book

Contributor:

Damill, Mario, editor.

Rapetti, Martín, editor.

Rozenwurcel, Guillermo, editor.

Series:

Initiative for Policy Dialogue

Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization

Language:

English

Subjects (All):

Frenkel, Roberto.

Economic development--Latin America.

Economic development.

Monetary policy--Latin America.

Monetary policy.

Fiscal policy--Latin America.

Fiscal policy.

Macroeconomics.

Physical Description:

1 online resource (440 p.)

Place of Publication:

New York, New York : Columbia University Press, 2015.

Language Note:

English

Summary:

Latin American neo-structuralism is a cutting-edge, regionally focused economic theory with broad implications for macroeconomics and development economics. Roberto Frenkel has spent five decades developing the theory's core arguments and expanding their application throughout the discipline, revolutionizing our understanding of high inflation and hyperinflation, disinflation programs, and the behavior of foreign exchange markets as well as financial and currency crises in emerging economies.The essays in this collection assess Latin American neo-structuralism's theoretical contributions and viability as the world's economies evolve. The authors discuss Frenkel's work in relation to pricing decisions, inflation and stabilization policy, development and income distribution in Latin America, and macroeconomic policy for economic growth. An entire section focuses on finance and crisis, and the volume concludes with a neo-structuralist analysis of general aspects of economic development. For those seeking a comprehensive introduction to contemporary Latin American economic thought, this collection not only explicates the intricate work of one of its greatest practitioners but also demonstrates its impact on the growth of economics.

Contents:

Frontmatter

Contents

Acknowledgments

Preface

1. An Introduction to Roberto Frenkel's Contributions to the Economic Ideas in Latin America / Damill, Mario / Kampel, Daniel / Rozenwurcel, Guillermo

Part 1. Pricing Decisions, Inflation, and Stabilization

2. Markups Under Uncertainty: Variations on Price Decisions in High Inflation / Heymann, Daniel / Roldán, Francisco

3. Financial Fragility, Price Indexes, and Investment Financing / Dreizzen, Julio

4. Uncertainty in Structural and Institutional Parameters and the Cost of Policy Mistakes: A Computable General Equilibrium Evaluation / Chisari, Omar / Ferro, Gustavo / Martínez, Juan Pablo Vila

5. Monetary Policy and External Shocks in a Semidollarized Economy / Dancourt, Oscar

Part 2. Economic Development in Latin America

6. The Chilean Economy Since the Global Crisis / Ffrench-Davis, Ricardo / Heresi, Rodrigo

7. Disequilibria and Risk Premia: Argentina's Experience During the 2000s from a Latin American Perspective / Cañonero, Gustavo / Winograd, Carlos

8. Labor Market and Income Distribution in Latin America in Times of Economic Growth: Advances and Shortcomings / Maurizio, Roxana

9. Accounting for the Rise and Fall of Brazil's Growth After World War II / Bacha, Edmar / Bonelli, Regis

Part 3. The Real Exchange Rate, Balance of Payments, and Economic Development

10. Balance-of-Payments Dominance: Implications for Macroeconomic Policy / Ocampo, José Antonio

11. The Real Exchange Rate, the Real Wage, and Growth: A Formal Analysis of the "Development Channel" / Ros, Jaime

12. The Real Exchange Rate and Economic Growth: Some Observations on the Possible Channels / Rapetti, Martín

Part 4. Finance and Crises

13. Capitalism and Financial Crises: A Long-Term Perspective / Solimano, Andrés

14. Financial Crises, Institutions, and the Macroeconomy / Fanelli, José María

15. United States Size Distribution and the Macroeconomy 1986-2009 / Taylor, Lance / Rezai, Armon / Kumar, Rishabh / Barbosa, Nelson / Carvalho, Laura

16. Sovereign Credit Risk in Latin America and Global Common Factors

Part 5. Approaches to Development

17. Cognitive Dissonance: Postwar Economic Development Strategies and Bretton Woods International Financial Stability / Kregel, Jan

18. New Developmentalism as a Weberian Ideal Type / Bresser-Pereira, Luiz Carlos

List of Contributors

Index

Notes:

Includes index.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9780231541213

023154121X

OCLC:

946997761