Macroeconomics and Development: Roberto Frenkel and the Economics of Latin America

Table of Contents
......Page 8
Acknowledgments
......Page 11
Preface, by Mario Damill, Martín Rapetti and Guillermo Rozenwurcell......Page 12
1. An Introduction to Roberto Frenkel’s Contributions to the Economic Ideas in Latin America, by Mario Damill, Daniel Kampel and Guillermo Rozenwurcell......Page 29
Part I: Pricing Decisions, Inflation, and Stabilization......Page 49
3. Financial Fragility, Price Indexes, and Investment Financing, by Julio Dreizzen......Page 74
4. Uncertainty in Structural and Institutional Parameters and the Cost of Policy Mistakes: A CGE Evaluation, by Omar Chisari, Gustavo Ferro, and Juan Pablo Vila Martínez......Page 84
5. Monetary Policy and External Shocks in a Semi-Dollarized Economy, by Oscar Dancourt......Page 110
Part II: Economic Development in Latin America......Page 135
6. The Chilean Economy Since the Global Crisis, by Ricardo Ffrench-Davis......Page 136
7. Disequilibria and Risk Premia: Argentina’s Experience during the 2000s from a Latin American Perspective, by Gustavo Cañonero and Carlos Winograd......Page 159
8. Labor Market and Income Distribution in Latin America in Times of Economic Growth: Advances and Shortcomings, by Roxana Maurizio......Page 184
9. Accounting for the Rise and Fall of Post-WWII Brazil’s Growth, by Edmar Bacha and Regis Bonelli......Page 213
Part III: The Real Exchange Rate, the Balance of Payments and Economic Development......Page 233
10. Balance of Payments Dominance: Its Implications for Macroeconomic Policy, by José Antonio Ocampo......Page 234
11. The Real Exchange Rate, the Real Wage and Growth: A Formal Analysis of the “Development Channel”, by Jaime Ros......Page 252
12. The Real Exchange Rate and Economic Growth: Some Observations on the Possible Channels, by Martín Rapetti......Page 273
Part IV: Finance and Crises......Page 292
13. Capitalism and Financial Crises: A Long-TYerm Perspective, by Andrés Solimano
......Page 293
14. Financial Crisis, Institutions, and the Macroeconomy, by José María Fanelli
......Page 309
15. Wage Increases, Transfers, and the Socially Determined Income Distribution in the USA, by Lance Taylor, Armon Rezai, Rishabh Kumar, Nelson Barbosa, and Laura Carvalho......Page 333
16. Sovereign Credit Risk in Latin America and Global Common Factors, by Manuel Agosin and Juan Díaz-Maureira......Page 355
Part V: Approaches to Development......Page 376
17. Cognitive Dissonance: Postwar Economic Development Strategies and Bretton Woods International Financial Stability, by Jan Kregel......Page 377
18. The New Developmentalism as a Weberian Ideal Type, by Luiz Carlos Bresser-Pereira......Page 393
List of Contributors......Page 404
Index
......Page 408