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Keynesian economic policies: reflections on the Brazilian economy, 1995-2009
(2012-12)
As is well known, Keynes proposed deliberate government action, particularly the implementation of economic policies, to coordinate and stabilize the dynamic of monetary economies. In that context, this article aims to ...
Business cycles, expectations and inflation in Brazil: a New-Keynesian Phillips curve analysis
(2018-04)
This article analyses Brazil’s recent inflation dynamic, considering different expectations environments within the New-Keynesian Phillips curve framework, to observe how the potential for discretionary behaviour by the ...
A structuralist-Keynesian model for determining the optimum real exchange rate for Brazil’s economic development process: 1999-2015
(2017-12)
The “optimum” long-run real exchange rate is the rate that will efficiently channel production resources into industries that generate and diffuse productivity gains in the economy as a whole and that will thus tend to ...
Wage share and economic growth in Latin America, 1950-2011
(2014-08)
This article builds series of wage shares in gross domestic product (GDP) for 15 Latin American economies individually and as a group for the period 1950-2010. Using different methodologies, it is established that wage ...
Raúl Prebisch and economic dynamics: cyclical growth and centre-periphery interaction
(2016-04)
Prebisch believed that understanding the evolution of capitalist economies over time and in different contexts required a general cycle approach, encompassing all the different areas of economic activity, which he labelled ...
Financial constraints on economic development: Theory and policy for developing countries
(2014-12)
This article contains a theoretical and policy analysis of the financial constraints on economic development in developing countries. Following a Keynesian interpretation, it concludes that financial policies are needed ...
Portrait of the economist as a young man: Raúl Prebisch's evolving views on the business cycle and money, 1919-1949
(2012-04)
This paper analyses Raúl Prebisch's lesser-known contributions to economic theory, related to the business cycle and heavily informed by the Argentine experience. His views of the cycle emphasize the common nature of the ...
Horizons 2030: Equality at the centre of sustainable development
(ECLAC, 2016-07)
The world is living a change of era. The 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals represent the international community’s response to the economic, distributive and environmental ...
Understanding the business cycle in Latin America: Prebisch's contributions
(ECLAC, 2011-05)
This paper analyzes Raúl Prebisch's less familiar contributions to economic theory, related to the business cycle, and heavily informed by the Argentinean experience. His views of the cycle emphasize the common nature of ...