Macroeconomics and development: Roberto Frenkel and the economics of Latin America

Preface / Mario Damill, Martín Rapetti and Guillermo Rozenwurcell -- An introduction to Roberto Frenkel's contributions to the economic ideas in Latin America / Mario Damill, Daniel Kampel and Guillermo Rozenwurcell -- Pricing decisions, inflation and stabilization -- Markups under uncertainty : variations on price decisions in high inflation / Daniel Heymann and Francisco Roldán -- Financial fragility, price indexes and investment financing / Julio Dreizzen -- Uncertainty in structural and institutional parameters and the cost of policy mistakes : a computable general equilibrium evaluation / Omar Chisari, Gustavo Ferro and Juan Pablo Vila Martínez -- Monetary policy and external shocks in a semidollarized economy / Oscar Dancourt -- Economic development in Latin America -- The Chilean economy since the global crisis / Ricardo Ffrench-Davis and Rodrigo Heresi -- Disequilibria and risk premia : Argentina's experience during the 2000s from a Latin American perspective / Gustavo Cañonero and Carlos Winograd -- Labor market and income distribution in Latin America in times of economic growth : advances and shortcomings / Roxana Maurizio -- Accounting for the rise and fall of Brazil's growth after World War II / Edmar Bacha and Regis Bonelli -- The real exchange rate, balance of payments and economic development -- Balance-of-payments dominance : implications for macroeconomic policy / José Antonio Ocampo -- The real exchange rate, the real wage and growth : a formal analysis of the "development channel" / Jaime Ros -- The real exchange rate and economic growth : some observations on the possible channels / Martín Rapetti -- Finance and crises -- Capitalism and financial crises : a long-term perspective / Andrés Solimano -- Financial crisis, institutions, and the macroeconomy / José María Fanelli -- United States size distribution and the macroeconomy, 1986-2009 / Lance Taylor, Armon Rezai, Rishabh Kumar, Nelson Barbosa, and Laura Carvalho -- Sovereign credit risk in Latin America and global common factors / Manuel Agosin and Juan Díaz-Maureira -- Approaches to development -- Cognitive dissonance : postwar economic development strategies and Bretton Woods international financial stability / Jan Kregel -- new developmentalism as a Weberian ideal type / Luiz Carlos Bresser-Pereira.

Latin American neo-structuralism is a cutting-edge, regionally focused economic theory with broad implications for macruconomics and development economics. One of its most important proponents, Roberto Frenkel has spent five decades developing the theory's core arguments and expanding their application throughout the discipline, revolutionizing our understanding of high inflation and hyperinflation, disinflation programs, and the behavior of currencies and crises in emerging markets. Written by Frenkel's former students, collaborators, and colleagues, the essays in this collection assess Latin American neo-structuralism's theoretical contributions and its viability as the world's economies evolve. The authors discuss Frenkel's work in relation to pricing decisions, inflation and stabilization policy, development and income distribution in Latin America, and macruconomic policy for economic growth. An entire section focuses on finance and crisis, and the volume concludes with a neo-structuralist analysis of general aspects of economic development. For those seeking a comprehensive introduction to contemporary Latin American economic thought, this collection not only explicates the intricate work of one of its greatest practitioners, but demonstrates its impact on the growth of economics