Part 1 The basic model: price formation and inflation rates; internal and external balance; the trade surplus and activity level; financial markets; public sector flows of funds; classic structuralist results in the short run. Part 2 Alternative macroeconomic closures: monetarism; external strangulation; flexible prices and access to foreign exchange; financial liberalization; summary on alternative closures and extensions to the basic model. Part 3 Macro adjustment in the short run: export subsidies and import quotas; food subsidies and food price inflation; public enterprise pricing; orthodox shocks; heterodox shocks; summary about the short run. Part 4 Distribution, growth and inflation in the medium run: mark up dynamics; exchange rate dynamics; long run distribution among all concerned; economic regimes; extensions to several sectors; summary about the long run.
