Development Macroeconomics

"Development Macroeconomics" was hailed on its publication in 1996 for providing a clear, rigorous, and long-needed synthesis of recent work in the field. This revised edition brings that achievement up-to-date. Addressing an audience of policy-oriented economists and theorists, graduate students, and advanced undergraduates, Pierre-Richard Agenor and Peter Montiel review and assess the burgeoning research done in the past two decades, paying special attention in this new edition to issues that have recently gained in importance among developing countries, such as the interaction between macroeconomic policies and long-term growth, the political economy of macroeconomic reform, the management of capital inflows, and currency crises.As Agenor and Montiel show, development macroeconomics has become a vital subdiscipline of macroeconomics. In the past, general macroeconomic perspectives on developing countries were divided into the ideologically charged categories of "monetarist" or "structuralist," but a vast literature has since developed that treats the problems of developing countries with the analytical tools of modern macroeconomics. The authors' coherent and rigorous treatment presents this new analysis and empirical work in an unusually lucid and unified way.It includes extensive empirical material describing the characteristics of the developing-country macroeconomic context. It explores how the analytical tools of modern macroeconomics can be adapted to accommodate such characteristics, and it uses the resulting models to analyze a diverse set of macroeconomic issues that developing countries have confronted in recent years. This is a crucial book for anyone wishing to understand this rapidly changing field.

ISBN 0691006776   Pages 824 ISBN13 9780691006772 (What's this?)   Volumes 1 Publisher The University Press Group Ltd   Weight (grammes) 1399 Imprint Princeton University Press   Published in New Jersey Format Hardback   Height (mm) 229 Publication date 01 Nov 1999   Width (mm) 152 Library of Congress 98055310   Spine width (mm) 51 DEWEY 330.91724   Academic level Professional / Scholarly, Tertiary education DEWEY edition DC21

		Preface to the Second Edition
		Introduction and Overview		3
1		Scope of Development Macroeconomics		13
Pt. I		Macroeconomic Relationships and Market Structure		43
2		Aggregate Accounts, Production, and Market Structure		45
3		Behavioral Functions		86
Pt. II		Short-Run Macroeconomic Policies		123
4		Sources of Macroeconomic Fluctuations		125
5		Fiscal Deficits, Public Solvency, and the Macroeconomy		136
6		Financial Markets, Capital Mobility, and Monetary Policy		189
7		Exchange-Rate Regimes: Evidence and Credibility Aspects		246
8		Exchange-Rate Management: Contractionary Devaluation and Real-Exchange-Rate Rules		286
9		Stabilization and the Labor Market		329
Pt. III		Stabilization: Theory, Evidence, and Empirical Models		347
10		An Overview of Stabilization Programs		349
11		Inflation and Short-Run Dynamics		397
12		Analytical Issues in Disinflation Programs		450
13		Empirical Models of Stabilization		521
Pt. IV		External Debt, Capital Flows, and Currency Crises		545
14		The Debt Crisis of the 1980s		547
15		Capital Inflows: Macroeconomic Effects and Policy Responses		575
16		Speculative Attacks and Exchange-Rate Crises		616
Pt. V		Growth, Structural Reforms, and Political Economy		667
17		Macroeconomic Policies and Long-Term Growth		669
		More...

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