Structuralist development macroeconomics. This paper presents some basic ideas and models of a structuralist development macroeconomics (the tendencies to the overvaluation of the exchange rate and the tendency of wages to grow below productivity, the critique of growth with foreign savings, and...

O fracasso do Consenso de Washington e das políticas macroeconômicas baseadas em altas taxas de juros e taxas de câmbio não competitivas em gerar crescimento econômico levou a América Latina à necessidade de formular estratégias nacionais de desenvolvimento. O novo desenvolvimentismo é...

This paper contains my version of the history of inertial inflation. The first complete formulation of the theory is in a 1983 paper by myself and Nakano; and the first paper that proposed a price shock combined with a conversion table is a 1984 paper also by the same authors. Resende and Arida...

State and market are complementary institutions. The state is the major institution coordinating modern societies; it is the constitutional system and the organizations guaranteeing it; it is the main instrument through which democratic societies have been changing capitalism so as to achieve...

The failure of the Washington Consensus and of macroeconomic policies based on high interest rates and non-competitive exchange rates to generate economic growth prompted Latin America to formulate national development strategies. New developmentalism is an alternative strategy not only to...