After the publication of The General Theory of Employment, Interest and Money (hereafter, GT), an intense debate about its main preposition – that the long-run equilibrium of the economy is a position of involuntary unemployment – was established. The consensus view that emerged from it,...

The aim of this paper is to present some preliminary considerations of the relationship between exchange rates, external constraints and economic growth from a formal model that considers two regions, one developed and other developing countries, which interact via international trade. It is...