JRRA Informativo
MACROECONOMICS
1745
26/01/2019

Global Macroeconomics (Galbraith)

A global macroeconomics - yes, macroeconomics, dammit - of inequality and income distribution by James K. Galbraith published by Edward Elgar (2019). "There are global turning points in the path of pay inequality. They occur around 1971, around 1980, and around 2000. These correspond in each case to major shifts in the worldwide financial regime: to the breakdown of Bretton Woods, to the outbreak of the global debt crisis, and to return to low interest rates and rising commodity prices that followed the NASDAQ slump and the 9/11 attacks..."
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Crisis Academy (Wellisz)

Crisis academy - veterans of the global financial crisis pass their wisdom on to the next generation by Chris Wellisz published by Finance & Development (12/2018). "It happened again and again in a carreer punctuated by upheavals: the peso crisis of 1994, the Asian crisis of 1997, and finally, the big one - the global financial crisis of 2008. Each time he started a new government job, Timothy Geithner hoped to find a letter from his predecessor, explaining what to do and whom to call if things fell apart. The desk drawer was always empty."
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Monetary and Fiscal History of Brazil (Ayres et al.)

The monetary and fiscal history of Brazil, 1960-2016 by João Ayres, Marcio Garcia, Diogo A. Guillén, Patrick J. Kehoe published by NBER (1/2019). "Brazil has had a long period of high inflation. It peaked around 100 percent per year in 1964, decreased until the first oil shock (1973), but accelerated again afterward, reaching levels above 100 percent on average between 1980 and 1994..."
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Liquidity Preference (Oreiro & Paula)

Liquidity preference, capital accumulation and investment financing: Cardim de Carvalho's contributions to the Post-Keynesian research programme by José Luíz Oreiro and Luiz Fernando de Paula (1/2019). "This article assesses the main theoretical contributions by Fernando Cardim de Carvalho to the Post-Keynesian Research Programme: his elucidation of the fundamental principles that define the concept of a monetary production economy; his analysis of decision-making under conditions of non-probabilistic uncertainty..."
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Environmental Economics (Sant'anna)

Essays on environmental economics and the political economy of inequality by André Albuquerque Sant'anna published by UFRJ (2018). "...We find a robust and negative relationship between top income shares and the distance to communist events. The results suggest that the spread of communism fostered deals between domestic elites and workers that redistributed the gains from capital in favour fo labor."
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