Pablo Mendieta
1.5K posts
@pmendiet
Bolivian economist. I lived in Chile (6y) and Argentina (2y). In Bolivia I worked at Central Bank (8y) and the Bicentennial Agenda. Chief Economist at #CAINCO
[COLUMNA @__elmercurio] “Micro y macro: ¿amor u odio?” Nuestro investigador internacional @surzua_chile reflexiona sobre la relación entre la micro y la #macroeconomía, planteando que ambas disciplinas se complementan y que ignorar una u otra puede conducir a malas políticas públicas y diagnósticos incompletos. A través de ejemplos sobre #inflación, #mercadolaboral y #productividad, advierte sobre los riesgos de diseñar políticas sin considerar cómo reaccionan las personas y las empresas ante los incentivos económicos. “Micro y macro forman una dupla que se potencia virtuosamente”, sostiene. Columna completa aquí 👇
A fundamental lesson from my posts these last two weeks on modernization, industrial policy, and development is that development economics should be about understanding why South Korea got rich but Bolivia did not. The current field has largely given up on that question. Sharply identified RCTs on small micro programs are a fine way to publish in the AER and get tenure at a fancy university, but a profession that knows everything about microfinance impact evaluations and almost nothing about industrialization has misallocated its own intellectual capital on a pretty heroic scale. Four images of Seoul:
