Martin Guzman is an associate research scholar at Columbia University and Associate Professor of Economics at the University of Buenos Aires. He is a co-chair of Columbia IPD’s Taskforce on Debt Restructuring and Sovereign Bankruptcy, and a member of the INET Research Group on “Macroeconomic Efficiency and Stability”. He holds a PhD in Economics from Brown University. His research fields are Macroeconomics, Monetary Economics, and Economic Growth.
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This paper presents a theory of pseudo-wealth in a model that displays aggregate demand externalities.