A New Consensus in Macroeconomics (NCM) has emerged over the past couple of decades or so, which has become highly influential in terms of current thinking on the macroeconomy and of economic policy, especially monetary policy. Its main implication for economic policy has been the implementation...

Has Latin America broken new ground with its performance during the recent global financial crisis and, furthermore, during the recent business cycle? Some level of macroeconomic prudence was certainly present during the recent boom, and the region responded to the recent crisis without the...

Raúl Prebisch (1901-1986) was an Argentine economist, who came to be well known as a distinguished academic and first-class Argentine government official during nearly two decades before finding his final place in international organizations. As from the 1930s crisis, economic science became an...

The work of Prebisch covers a long period of time, during which the configuration of Argentina’s economy as well as the contents and methods of economic theory underwent significant changes. His concern to explore the mechanisms of economic fluctuations in peripheral economies, particularly...