2006. Between 1994 and 1999, foreign savings substitute domestic ones instead of increasing investment (72,5%) The inverse happened when the country experienced current account surplus (113,9%). (Paper, just in this site) Portuguese version available.
2016. With José Luis Oreiro e Nelson Marconi. Our more complete analysis of Developmental Macroeconomics – the central economic theory within New Developmentalism. (book)
2014. With José Luis Oreiro and Nelson Marconi. A synthesis of structuralist development macroeconomics and the critique of the “foreign constraint” thesis. (Paper in edited book)
2012. In so far as structuralist development macroeconomics assumes that developing countries face a tendency to the cyclical overvaluation of the eschange rate, it makes the exchange rate chronically overvalued. Thus, it ceases to be just a short term macroeconomic problem, to be part of the corre of development economics. (Paper: Estudos Avançados) Portuguese version
E-mails that I send twice a year to my friends, since December 1999, reporting my academic and public activities. (Last e-mail, December 2003).
2012. A sum up of a structuralist development macroeconomics and of the ensuing national development strategy: new developmentalism. A theoretical step ahead in relation to Globalization and Competition. (Paper: Brazilian Journal of Political Economy)
2011. Angel Asensio sur le livre Mondialisation et Compétition.
2010. The tendency to the cyclical overevaluation of the exchange rate in developing countries is easily seen in Brazil. (Paper in edited book)
2010. My main works relating the exchange rate with economic growth. (A bibliography, only in this website).
2010. Why some middle income countries catch up while others do not. Behind new developmentalism this book drafts a structuralist development macroeconomics in which the exchange rate plays a strategic role. (Book: Siglo XXI).
2010. Livro que contém os trabalhos apresentados no 4o. Fórum de Economia da Fundação Getulio Vargas.
2009. Brazil as all developing countries is subjected to the tendency to the overvaluation of the exchange rate. Since 1991 Brazil stop neutralizing this tendency, and was stage of substitution of foreign for domestic savings, balance of payment crises and low growth. (Paper: Economía UNAM, México, Vol. 6, No. 18). Portuguese version available.
2009. Porque essa política vai contra os princípios fundamentalistas neoliberais aprendidos pelos economistas nas suas escolas (Article: Folha de S.Paulo).
2009. Because this policy goes against the neoliberal fundamentalist principles that the economists learned in their schools. (Article: Folha de S.Paulo).
2008. In developing countries there is the tendency to the overvaluation of the exchange rate. If countries do not neutralize it, they will experiment slow growth, and catching up will not happen. (Chapter 4 of book to be published, Globalization and Competition). Spanish version and Portuguese version available.