Discuss the debate around Structuralist vs. Monetarists

Discuss the debate around Structuralist vs. Monetarists

Macroeconomics: The Structuralist Theory

Topic statement

The breakdown of the theory of structuralist macroeconomics and all the theses surrounding this idea, with a deeper look at how it relates to the Latin American economy.

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Taylor, Lance. “Structural macroeconomics.” Nueva York, Basic Books Inc (1983).

  • This text applies the “structuralist” (a part of macroeconomics where the focus is centered on structure, both internal and external)macro model for  developing country’s economic state. Lance Taylor(who holds a PH.D from Harvard and is an Arnhold Professor of International Cooperation and Development at the New School for Social Research)goes in-depth with the theory, explaining the models, it’s components, how it is achieved, why it’s important and how it relates to developing economics.

Bresser-Pereira, Luiz Carlos. “From old to new developmentalism in Latin America.” JA Ocampo and J. Ros, eds (2009).

  • Bresser-Pereira (a political scientist from Brazil who was elected Minister of Finance in April 29, 1987) demonstrates in this essay how to transform Latin America with an alternative idea using structuralism and taking in the success of Asian Countries.

Bresser-Pereira, Luiz Carlos. “Structuralist macroeconomics and the new developmentalism.” Revista de Economia Política 32.3 (2012): 347-366.

  • Bresser-Pereira presents the structuralist development macroeconomics in technical manner. The system he talks about emphasizes the three models of structuralism. He also goes onto explaining a bit about a new model of Dutch disease(which is a term to describe the Dutch economy and effects).







Use keywords such as Aggregate supply/demand, inflation, GDP, nominal GDP, real GDP, Stagnation, open market, etc etc

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