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Macroeconomic Policies for Emerging and Developing Economies

Macroeconomic Policies for Emerging and Developing Economies

  • A. Vasudevan - Former Executive Director, Reserve Bank of India (RBI)
  • Partha Ray - Professor of Economics, IIM Calcutta

August 2018 | 252 pages | SAGE Publications Pvt. Ltd

The global financial crisis has proved that economic realities are very different from the traditional assumptions of macroeconomics. Macroeconomic Policies for Emerging and Developing Economies provides a contemporary analytical account and discusses the current debates on the theory and practices of macroeconomic policies of developing economies emerging from the crisis. It deals with issues relating to openness, capital flows and exchange rate policies as well as macro-financial policies. It underscores two important points: the need to design a development strategy that takes into account the economic context of the countries concerned, and for well-regulated macro-financial policies that would help promote the objects of sustainable growth with price and financial stability. This engaging and unrivalled guide to macroeconomic policy goes beyond the standard macroeconomists’ tool kit of monetary, fiscal and exchange rate policies and includes topics such as development strategies and macro-financial policies.

Foreword by Y V Reddy
Preface—The Nectar
The Starters
Development Strategy: The Fountainhead of Macroeconomic Policies
Fiscal Policy: No Longer the Big Brother
Monetary Policy: The Black Box of Complexities
Exchange Rate and Openness: The World Is One!
Financial Stability: A Belated Recognition of the 'Core'
The Desserts/ Notes and References

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ISBN: 9789352807192