In a new working paper, @marinsnathalie.bsky.social examines debt sustainability + economic policy space through a structuralist lens. She argues for reassessing conventional debt management + economic policy approaches in developing countries. Read more: www.bu.edu/gdp/2025/04/...

In 2024, the BRL depreciated sharply. Some blamed fiscal concerns, while others pointed to external uncertainty. We don’t buy the fiscal explanation. Instead, we look at the country's external accounts and the misalignment of monetary and FX policies nakedkeynesianism.substack.com/p/the-behavi...