2018. A retention or tax on the export of commodities will neutralize the Dutch disease and assure to the manufacturing industry equal conditions in the competion with other countries. The tax will not represent a buden to the exporters, because they receive back their money on the form of depreciation of the real. (Paper to be published)
2017. The Dutch disease is an economic problem that a simple economic policy may resolve, while the natural resource curse is a political-cultural problem very difficult to resolve. Paper presented in St. Petersburg.
2017. Presentation to Likhachov Scientific Conference in St.Petersburg, Russia.
2016. The crisis made the exchange rate right. Now is the momement to adopt an “exchange rate retention, which neutralizes the Dutch disease, so blocking the tendency to the overvaluation of the exchange rate existing in developing countries. (Op ed: Valor)
2015. The Brazilian economy is quasi-stagnant since 1990 trade-liberalization, when trade liberalization dismantled the mechanism that neutralized the Dutch disease and the ensuing competitive disadvantage started up deindustrialization. Updated English version available. (Paper in book edited by Nelson Barbosa et al.)
2013. A revised version of my 2008 paper on the Dutch disease in which I distinguish the value from the market price of the exchange rate. (Paper: Brazilian Journal of Political Economy)
2013. A sobreapreciação cambial desestimula os investimentos e desindustrializa gradualmente o país.
2010. O Brasil sofre de doença holandesa, que provoca a desindustrialização da economia. Nosso desafio é neutralizar a sobreapreciação do câmbio (Entrevista a Raquel Landim).
2010. Os economistas deverão abandonar o pressuposto de que o mercado controla bem as taxas de câmbio. (Articles: Valor)
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.
2010. The Brazilian economy is undergoing deindustrialization due to a chronic overvaluation of the real. The structural development macroeconomics that I have been developing since the early 2000s explains why. (Cadernos FGV Projetos)
2009. Uma doença holandesa moderada e a consequente desindustrialização são evidente. Nega-se o fato porque no momento em que isto for reconhecido não restará alternativa senão mudar a política cambial. Valor Econômico, 25.11.2009
2008. A country suffering from the Dutch disease has two “equilibrium” exchange rates: the “current equilibrium” that is inconsistent with economic growth, and the”industrial equilibrium” that will be achieved if the country is able to neutralize the disease. (Paper in edited book) English version published in Brazilian Journal of Political Economy)
2008. A country suffering from the Dutch disease has two “equilibrium” exchange rates: the “current equilibrium” that is inconsistent with economic growth, and the”industrial equilibrium” that will be achieved if the country is able to neutralize the disease. (Paper: Brazilian Journal of Political Economy)