From Financieristic to Real Macroeconomics : Seeking Development Convergence in Emerging Economies

From Financieristic to Real Macroeconomics : Seeking Development Convergence in Emerging Economies

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 a...

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Bibliographic Details
Main Author:	Ffrench-Davis, Ricardo
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	ABSORPTIVE CAPACITY ADVANCED ECONOMIES AGGREGATE DEMAND AGGREGATE SUPPLY ANNUAL GROWTH APPETITE FOR RISK AVERAGE PRODUCTIVITY BONDS BUDGET DEFICITS BUSINESS CYCLE BUSINESS CYCLES CAPITAL ACCOUNTS CAPITAL FLIGHT CAPITAL FLIGHTS CAPITAL FLOWS CAPITAL FORMATION CAPITAL GAINS CAPITAL INFLOWS CAPITAL MARKETS CAPITAL OUTFLOWS CAPITAL STOCK CENTRAL BANK COMPARATIVE ADVANTAGES COMPETITIVENESS CONSUMERS CREDIBILITY CREDIT BOOM CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS DEBT DEBT CRISIS DEPRECIATION DEVALUATION DEVELOPMENT STRATEGIES DISEQUILIBRIUM DOMESTIC CURRENCIES DOMESTIC CURRENCY DOMESTIC DEMAND DOMESTIC GOODS DOMESTIC INTEREST RATES DOMESTIC MACROECONOMIC POLICIES DOMESTIC MARKETS DOMESTIC PRICE DOMESTIC PRICES DOMESTIC SAVINGS DOWNWARD PRESSURES DURABLE GOODS DUTCH DISEASE ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC FLUCTUATIONS ECONOMIC GROWTH ECONOMIC RENTS ECONOMIC SITUATION ECONOMIC STRUCTURES EQUILIBRIA EXCHANGE RATE ANCHOR EXCHANGE RATE APPRECIATION EXCHANGE RATE POLICIES EXCHANGE RATE SYSTEMS EXCHANGE RATES EXPLANATORY VARIABLE EXPORT MARKETS EXPORTS EXPOSURE EXTERNAL DEFICIT EXTERNAL DEFICITS EXTERNAL FINANCING EXTERNAL SHOCKS EXTERNALITIES FACTOR MARKETS FINANCIAL ASSETS FINANCIAL CRISES FINANCIAL INSTABILITY FINANCIAL INTERMEDIATION FINANCIAL LIBERALIZATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REFORMS FINANCIAL SECTOR FINANCIAL TRANSACTION FISCAL BALANCE FISCAL BALANCES FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICIES FLEXIBLE EXCHANGE RATE FLEXIBLE EXCHANGE RATE REGIMES FOREIGN CURRENCY FOREIGN CURRENCY MARKET FOREIGN EXCHANGE GDP GLOBALIZATION GROWTH RATE GROWTH RATES HUMAN CAPITAL IMBALANCES IMPORTS INCOME INCOMPLETE MARKETS INDEBTEDNESS INFLATION INFLATION RATE INFLATION TARGET INFLATION TARGETING INFLATION TAX INFLATIONARY PRESSURES INFLATIONARY PROCESSES INTEREST RATE INTEREST RATES INTERMEDIATE EXCHANGE RATE INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL FINANCIAL SYSTEM INTERNATIONAL INTEREST INTERNATIONAL INTEREST RATES INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL TRADE INVENTORY INVESTMENT OPPORTUNITIES INVESTMENT RATIO INVESTMENT RATIOS LABOR FORCE LDCS LEVEL OF INVESTMENT LIQUID MARKETS LIQUIDITY LIQUIDITY CONSTRAINTS LOCAL CURRENCY MACROECONOMIC ADJUSTMENT MACROECONOMIC ADJUSTMENTS MACROECONOMIC CONDITIONS MACROECONOMIC INSTABILITY MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC VARIABLES MACROECONOMICS MARKET ECONOMY MARKET TRANSACTIONS MONETARY POLICIES MONETARY POLICY MONETARY POLICY REGIME MONEY SUPPLY NATIONAL INCOME NATURAL RESOURCES NEGATIVE EXTERNALITIES NEWLY INDUSTRIALIZED COUNTRIES NOMINAL ANCHOR OIL PRICE OPEN CAPITAL ACCOUNT OPEN ECONOMIES OUTPUT GAP OUTPUT GAPS PERMANENT INCOME POTENTIAL OUTPUT POVERTY REDUCTION PRICE FLUCTUATIONS PRICE INDEX PRICE STABILITY PRIVATE CAPITAL PRODUCTION FUNCTION PRODUCTIVE ASSETS PRODUCTIVE SYSTEMS PRODUCTIVITY PUBLIC DEFICITS PUBLIC EXPENDITURE PUBLIC INVESTMENT PURCHASING POWER RAPID GROWTH RATE OF INFLATION REAL EXCHANGE RATE REAL EXCHANGE RATES REAL INTEREST RATES RECESSION RECESSIONS RELATIVE PRICES RELATIVE WEIGHT RESTRICTIVE MONETARY POLICIES REVALUATIONS RISK MANAGEMENT SAVINGS SLOW GROWTH STOCK MARKET STOCK PRICES SUPPLY SIDE SURPLUSES TAX INCREASES TEQUILA CRISIS TOTAL FACTOR PRODUCTIVITY TRADE LIBERALIZATION TRADE POLICIES TRADE REFORMS TRADE SHOCKS UNCERTAINTY UNEMPLOYMENT VALUE ADDED VOLATILITY OF CAPITAL WAGES WEALTH WORLD ECONOMY WORLD INTEREST RATES WORLD MARKETS
Online Access:	http://documents.worldbank.org/curated/en/642921468348846547/From-financieristic-to-real-macroeconomics-seeking-development-convergence-in-emerging-economies http://hdl.handle.net/10986/28018

Internet

http://documents.worldbank.org/curated/en/642921468348846547/From-financieristic-to-real-macroeconomics-seeking-development-convergence-in-emerging-economies
http://hdl.handle.net/10986/28018