Macroeconomic 'fundamentals' are a most relevant variable for economic development. However, there is wide misunderstanding about which are the 'sound macroeconomic fundamentals,' contributing to sustained economic growth. The approach in fashion in the mainstream world and international finance institutions (IFIs) emphasizes macroeconomic balances of two pillars: low inflation and fiscal balances. The author calls it financieristic macroeconomic...
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2008/01/01
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57743
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1
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2010/12/07
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From financieristic to real macroeconomics: seeking development convergence in emerging economies
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aggregate demand
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