Macroeconomics and Development

Macroeconomics and Development

Roberto Frenkel and the Economics of Latin America

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

Edited by: Mario Damill, Martín Rapetti and Guillermo Rozenwurcel

Columbia University Press | 2016

https://doi.org/10.7312/dami17508

Overview
Contents

About this book

The essays in this collection assess Roberto Frenkel's work, discussing Latin American neo-structuralism's theoretical contributions and viability as the world's economies evolve. 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 demonstrates its impact on the growth of economics.

Latin American neo-structuralism is a cutting-edge, regionally focused economic theory with broad implications for macroeconomics and development economics.

Author information

Mario Damill is senior researcher at the Center for the Study of State and Society (CEDES), member of the National Council of Scientific and Technological Research of Argentina (CONICET), and professor of macroeconomics at the University of Buenos Aires.

Martín Rapetti is an associate researcher at the Center for the Study of the State and Society (CEDES), an assistant researcher at the National Council of Scientific and Technological Research of Argentina (CONICET), and associate professor at IIEP, University of Buenos Aires.

Guillermo Rozenwurcel is principal researcher at the National Council of Scientific and Technological Research of Argentina (CONICET). He is also a professor at the University of Buenos Aires and the University of San Martin and an economic consultant for several multilateral institutions, such as ECLAC, UNDP, IADB, and the WB.

Reviews

Axel Leijonhufvud, professor emeritus of economics, University of California, Los Angeles:
A collection of interesting and impressive papers on the areas in which Roberto Frenkel has worked: inflation, stabilization, crises, and macroeconomic policy for development. One hopes for a wide readership.

Jomo Kwame Sundaram, former United Nations Assistant Secretary General for Economic Development:
This accessible, varied, and rich collection reflects a broad spectrum of monetary challenges in Latin America, including the developmental consequences of the exchange rate, inflation, financial, and balance of payments crises. The volume will be a major reference for Latin American economies and macroeconomic development challenges and is a fitting acknowledgment of Roberto Frenkel, one of the world's 'master' development macroeconomists.

Jorge Katz, University of Chile:
This rich collection of papers is a well-deserved recognition of Frenkel's pathbreaking contributions to our understanding of the Latin American and world's institutional and economic environment, and also provides adequate background teaching material for both graduate and undergraduate courses in economics.

Frontmatter Free access PDF PDF	i
Contents Free access PDF PDF	vii
Acknowledgments Access restricted Content is available PDF PDF	xi
Preface Access restricted Content is available PDF PDF	xiii
1. An Introduction to Roberto Frenkel’s Contributions to the Economic Ideas in Latin America Mario Damill, Daniel Kampel and Guillermo Rozenwurcel Access restricted Content is available PDF PDF	1
Part 1. Pricing Decisions, Inflation, and Stabilization
2. Markups Under Uncertainty: Variations on Price Decisions in High Inflation Daniel Heymann and Francisco Roldán Access restricted Content is available PDF PDF	23
3. Financial Fragility, Price Indexes, and Investment Financing Julio Dreizzen Access restricted Content is available PDF PDF	47
4. Uncertainty in Structural and Institutional Parameters and the Cost of Policy Mistakes: A Computable General Equilibrium Evaluation Omar Chisari, Gustavo Ferro and Juan Pablo Vila Martínez Access restricted Content is available PDF PDF	57
5. Monetary Policy and External Shocks in a Semidollarized Economy Oscar Dancourt Access restricted Content is available PDF PDF	83
Part 2. Economic Development in Latin America
6. The Chilean Economy Since the Global Crisis Ricardo Ffrench-Davis and Rodrigo Heresi Access restricted Content is available PDF PDF	111
7. Disequilibria and Risk Premia: Argentina’s Experience During the 2000s from a Latin American Perspective Gustavo Cañonero and Carlos Winograd Access restricted Content is available PDF PDF	134
8. Labor Market and Income Distribution in Latin America in Times of Economic Growth: Advances and Shortcomings Roxana Maurizio Access restricted Content is available PDF PDF	159
9. Accounting for the Rise and Fall of Brazil’s Growth After World War II Edmar Bacha and Regis Bonelli Access restricted Content is available PDF PDF	188
Part 3. The Real Exchange Rate, Balance of Payments, and Economic Development
10. Balance-of-Payments Dominance: Implications for Macroeconomic Policy José Antonio Ocampo Access restricted Content is available PDF PDF	211
11. The Real Exchange Rate, the Real Wage, and Growth: A Formal Analysis of the “Development Channel” Jaime Ros Access restricted Content is available PDF PDF	229
12. The Real Exchange Rate and Economic Growth: Some Observations on the Possible Channels Martín Rapetti Access restricted Content is available PDF PDF	250
Part 4. Finance and Crises
13. Capitalism and Financial Crises: A Long-Term Perspective Andrés Solimano Access restricted Content is available PDF PDF	271
14. Financial Crises, Institutions, and the Macroeconomy José María Fanelli Access restricted Content is available PDF PDF	287
15. United States Size Distribution and the Macroeconomy 1986–2009 Lance Taylor, Armon Rezai, Rishabh Kumar, Nelson Barbosa and Laura Carvalho Access restricted Content is available PDF PDF	311
16. Sovereign Credit Risk in Latin America and Global Common Factors Access restricted Content is available PDF PDF	333
Part 5. Approaches to Development
17. Cognitive Dissonance: Postwar Economic Development Strategies and Bretton Woods International Financial Stability Jan Kregel Access restricted Content is available PDF PDF	357
18. New Developmentalism as a Weberian Ideal Type Luiz Carlos Bresser-Pereira Access restricted Content is available PDF PDF	373
List of Contributors Access restricted Content is available PDF PDF	385
Index Access restricted Content is available PDF PDF	389

Macroeconomics and Development

Roberto Frenkel and the Economics of Latin America

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