The access to demand

Produced by: 
São Paulo School of Economics FGV
Available from: 
May 2014
Paper author(s): 
Luiz Carlos Bresser-Pereira
Macroeconomics - Economic growth - Monetary Policy

In this paper I argue that, in developing countries, sufficient aggregate demand is not enough to motivate investment and achieve full employment. Besides, according to the Keynesian developmental macroeconomics under construction, competent business enterprises must have access to that demand –access which is denied to most of them because developing countries face the tendency to the cyclical and chronic overvaluation of the exchange rate.


Research section: 
Latest Research
Share this