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This book provides a systematic and coherent framework for understanding the interactions between the micro and macro dimensions of economic adjustment policies; that is, it explores short-run macroeconomic management and structural adjustment policies aimed at promoting economic growth. It emphasizes the importance of structural microeconomic characteristics in the transmission of policy shocks and the response of the economy to adjustment policies. It has particular relevance to the economics of developing countries.
Contents: Budget Constraints and Aggregate Accounts • Consumption, Saving, and Investment • Fiscal Deficits, Public Debt, and the Current Account • The Financial System and Monetary Policy • Exchange Rate Regimes • Inflation and Disinflation Programs • Capital Inflows: Causes and Policy Responses • Financial Crises and Financial Volatility • Policy Tools for Macroeconomic Analysis • Growth, Poverty, and Inequality: Some Basic Facts • Growth and Technological Progress: The Solow-Swan Model • Knowledge, Human Capital, and Endogenous Growth • The determinants of Economic Growth: An Empirical Overview • Trade and labor market Reforms • Fiscal Adjustment and Financial Sector Reforms • Aid, External Debt, and Growth • Sequencing, Gradualism, and the Political Economy of Adjustment ISBN - 9788130902555
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Pages : 786
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