Broadly speaking, the balance-of-payments constraint hypothesis as developed by Thirlwall has been empirically supported. Yet, it shows some shortcomings highlighted in the literature. In our opinion, two of them must be analysed. First, temporary disequilibria and capital flows must be...

In this article we will show that independence is not enough to impose a given inflation target when the Central Bank is following a Taylor rule, moreover in such a case, the fiscal authority will be able to set a different objective from the one sought by the monetary authority. On the other...

"Buena parte del libro se dedica a la relación entre cultura y desarrollo en general. El último de los trabajos, 'La Reconstitución del Paradigma Socio-cultural Latinoamericano,' se refiere al caso específico de la región"--Handbook of Latin American Studies, v. 58