Most macroeconomic crises, such as the 2008 Global Financial Crisis, are associated with endogenous large changes in beliefs and understandings about the workings of the economy. Such downturns and crises are not consistent with the standard paradigm of a well-functioning competitive economy,...

Most macroeconomic crises, such as the 2008 Global Financial Crisis, are associated with endogenous large changes in beliefs and understandings about the workings of the economy. Such downturns and crises are not consistent with the standard paradigm of a well-functioning competitive economy,...

Este ensayo argumenta que el auge reciente de las economías latinoamericanas se explica por la coincidencia de dos factores externos que no se daban simultáneamente desde los años 1970: buenos precios de materias primas (de hidrocarburos y productos mineros, más que agrícolas) y condiciones...