ND - CRITIQUE OF GROWTH WITH FOREIGN INDEBTEDNESS POLICY

2016. With José Luis Oreiro e Nelson Marconi. Our more complete analysis of Developmental Macroeconomics - the central economic theory within New Developmentalism. (book) Nas livrarias e em kindle

2016. Paper with Thiago de Moraes Moreira. Current account deficits, even when financed by direct investments, hinder instead of enhance growth because the cause overvaluation of the national currency. (Paper in edited book to be published)

2003. The patterns of economic development and the political pacts in Brazil from Vargas (1930) to Lula (2003). 5th revised edition almost doubling the size of the book. (Book: Editora 34). Nas livrarias.

2014. With Nelson Marconi and José Luís Oreiro. Developmental Macroeconomics is a book on development macroeconomics associated with New Developmentalism. In its core are the exchange rate and the current account, instead of the budget deficit and the interest rate. (Book: Routledge) Nas livrarias e em Kindle

2014. With Eliane Araújo and Paulo Gala. (Paper). Econometric comprovation of a high rate of substituition of foreign for domestic savings. (Paper in EconomiA, da ANPEC). English version available.

2014. With Eliane Araújo e Paulo Gala. Econometric comprovation of a high rate of substituition of foreign for domestic savings. (Paper: Revista EconomiA) Portuguese version available.

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: Cambridge University Press).In the bookstores and in kindle

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). Avaliable here in pdf format.

2009. 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: Éditions La Découverte) In the bookstores.

2010. The four articles of my debate with prof. Affonso Celso Pastore on whether or not "foreign savings" (current account deficits) contribute to investment and growth.

2009. Os três pilares do plano do governo sobre o pré-sal são o sistema de partilha, a Petrossal e o fundo soberano. Eles permitem que o país neutralize a doença holandesa. (Article: Folha de S.Paulo).

2009. 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: Elsevier).Disponível nas livrarias

2008. To avoid new global financial crisis it would be necessary to convene among nations a maximum current account deficit in relation to GDP that would be allowed to countries. (Article just published in this website)

2008. Contrarily to what say conventional economists, current account deficit does not imply excess demand it may simply be the outcome of an overvalued exchange rate. (Article with Paulo Gala: Valor).

2007. Trade cannot be de-linked from finance because the exchange rate represents a major intersection between the two field. Yet, the exchange rate is forgotten in international trade and in economic growth courses, and in trade negotiations at WTO. Countries that have reserve currencies abhor taking on the exchange rate (Intervention at UNCTAD seminar)

2009. An encompassing analysis of the Brazilian macroeconomic system; a first attempt to build new-developmental macroeconomics. (This book is an atualized version of Macroeconomia da Estagnação). Available in bookstores

2007. An encompassing analysis of the Brazilian macroeconomic system; a first presentation of the developmental macroeconomics. Why Brazil failed to grow fast after the Real Plan. (Book: Editora 34) Esgotado nas livrarias. English version available: Developing Brazil (2009).