Macroeconomy for development: countercyclical policies and production sector transformation

Includes bibliography

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Autor principal:	Ocampo, José Antonio
Formato:	Texto
Lenguaje:	English
Publicado:	2014
Materias:	MACROECONOMIA DESARROLLO ECONOMICO ANALISIS ECONOMICO POLITICA ECONOMICA POLITICA MONETARIA POLITICA FISCAL BALANZA DE PAGOS TIPOS DE CAMBIO DIVERSIFICACION DE LA PRODUCCION INNOVACIONES ESTRATEGIAS DEL DESARROLLO MACROECONOMICS ECONOMIC DEVELOPMENT ECONOMIC ANALYSIS ECONOMIC POLICY FISCAL POLICY MONETARY POLICY BALANCE OF PAYMENTS FOREIGN EXCHANGE RATES PRODUCTION DIVERSIFICATION INNOVATIONS DEVELOPMENT STRATEGIES
Acceso en línea:	http://hdl.handle.net/11362/11501
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spelling	oai-11362-115012020-11-25T22:58:09Z Macroeconomy for development: countercyclical policies and production sector transformation Ocampo, José Antonio MACROECONOMIA DESARROLLO ECONOMICO ANALISIS ECONOMICO POLITICA ECONOMICA POLITICA MONETARIA POLITICA FISCAL BALANZA DE PAGOS TIPOS DE CAMBIO DIVERSIFICACION DE LA PRODUCCION INNOVACIONES ESTRATEGIAS DEL DESARROLLO MACROECONOMICS ECONOMIC DEVELOPMENT ECONOMIC ANALYSIS ECONOMIC POLICY FISCAL POLICY MONETARY POLICY BALANCE OF PAYMENTS FOREIGN EXCHANGE RATES PRODUCTION DIVERSIFICATION INNOVATIONS DEVELOPMENT STRATEGIES Includes bibliography This article is based on a keynote lecture delivered at the Economic Commission for Latin America and the Caribbean (eclac) in Santiago, Chile, on 12 April 2011 on the occasion of the tenth lecture in the Raúl Prebisch Memorial Lecture Series. The argument that I will be making here is that the key to a well-designed macroeconomic policy for development is a mix of sound countercyclical policies and a proactive strategy for diversifying production structures. These two concepts are deeply rooted in eclac thinking. Countercyclical policies must withstand the challenges posed by abrupt external financing cycles and sharp fluctuations in commodity prices. Fiscal policy is of pivotal importance, but it must be coupled with equally countercyclical monetary and exchange-rate policies. In the light of the experience over the past decade, this policy mix seems to be achievable if intermediate exchange regimes are introduced alongside macroprudential policies, including regulation of capital flows. At the same time, the strategy used to spur the development of the production sector should foster innovative economic activities that generate domestic production linkages. The concept of innovation must be understood in a broad sense, but the critical test is its contribution to the accumulation of technological capabilities. 2014-01-02T18:45:40Z 2014-01-02T18:45:40Z 2011-08 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/11501 LC/G.2498-P en CEPAL Review CEPAL Review 104 application/pdf AMERICA LATINA LATIN AMERICA
institution	Cepal
collection	Cepal
language	English
topic	MACROECONOMIA DESARROLLO ECONOMICO ANALISIS ECONOMICO POLITICA ECONOMICA POLITICA MONETARIA POLITICA FISCAL BALANZA DE PAGOS TIPOS DE CAMBIO DIVERSIFICACION DE LA PRODUCCION INNOVACIONES ESTRATEGIAS DEL DESARROLLO MACROECONOMICS ECONOMIC DEVELOPMENT ECONOMIC ANALYSIS ECONOMIC POLICY FISCAL POLICY MONETARY POLICY BALANCE OF PAYMENTS FOREIGN EXCHANGE RATES PRODUCTION DIVERSIFICATION INNOVATIONS DEVELOPMENT STRATEGIES
spellingShingle	MACROECONOMIA DESARROLLO ECONOMICO ANALISIS ECONOMICO POLITICA ECONOMICA POLITICA MONETARIA POLITICA FISCAL BALANZA DE PAGOS TIPOS DE CAMBIO DIVERSIFICACION DE LA PRODUCCION INNOVACIONES ESTRATEGIAS DEL DESARROLLO MACROECONOMICS ECONOMIC DEVELOPMENT ECONOMIC ANALYSIS ECONOMIC POLICY FISCAL POLICY MONETARY POLICY BALANCE OF PAYMENTS FOREIGN EXCHANGE RATES PRODUCTION DIVERSIFICATION INNOVATIONS DEVELOPMENT STRATEGIES Ocampo, José Antonio Macroeconomy for development: countercyclical policies and production sector transformation
description	Includes bibliography
format	Texto
author	Ocampo, José Antonio
author_facet	Ocampo, José Antonio
author_sort	Ocampo, José Antonio
title	Macroeconomy for development: countercyclical policies and production sector transformation
title_short	Macroeconomy for development: countercyclical policies and production sector transformation
title_full	Macroeconomy for development: countercyclical policies and production sector transformation
title_fullStr	Macroeconomy for development: countercyclical policies and production sector transformation
title_full_unstemmed	Macroeconomy for development: countercyclical policies and production sector transformation
title_sort	macroeconomy for development: countercyclical policies and production sector transformation
publishDate	2014
url	http://hdl.handle.net/11362/11501
work_keys_str_mv	AT ocampojoseantonio macroeconomyfordevelopmentcountercyclicalpoliciesandproductionsectortransformation
_version_	1718433164085428224

Macroeconomy for development: countercyclical policies and production sector transformation

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