NEW-DEVELOPMENTAL THEORY (NDT)

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2006. The exchange rate determines not only exports and imports, but also real wages, consumption and the savings rate. (Preface to book edited by Mathias Vernengo)

2001 Critique of the growth with foreign savings policy. This short article is New Developmentalism's founding article, together with a paper that I wrote with Nakano no ano seguinte, "Economic growth with foreign savings?" (Valor 1000, 2001).

1997. An disguised (because I was part of the Cardoso administration) critique of exchange rate policy adopted by Brazil after the Real Plan. (Paper in Revista de Economia Política). *

1991. With Aldo Ferrer. While dollarization is limited in Brazil, is generalized in Argentina (Paper written before the 'plan de convertibilidad': Revista de Economia Política )*

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