1.

Record Nr.

UNINA9910798295603321

Titolo

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

Pubbl/distr/stampa

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

©2015

ISBN

0-231-54121-X

Descrizione fisica

1 online resource (440 p.)

Collana

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

Disciplina

339.5098

Soggetti

Economic development - Latin America

Monetary policy - Latin America

Fiscal policy - Latin America

Macroeconomics

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Includes index.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

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

Sommario/riassunto

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.