Stability with Growth: Macroeconomics, Liberalization and Development

Stability with Growth: Macroeconomics, Liberalization and Development

by Joseph E. Stiglitz, Ricardo Ffrench-Davis, Shari Spiegel, Deepak Nayyar
     
 

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ISBN-10: 0199288143

ISBN-13: 9780199288144

Pub. Date: 11/09/2006

Publisher: Oxford University Press, USA

There is growing dissatisfaction with the economic policies advocated by the IMF and other international financial institutions-policies that have often resulted in stagnating growth, crises, and recessions for client countries. This book presents an alternative to 'Washington Consensus' neo-liberal economic policies by showing that both macroeconomic and

Overview

There is growing dissatisfaction with the economic policies advocated by the IMF and other international financial institutions-policies that have often resulted in stagnating growth, crises, and recessions for client countries. This book presents an alternative to 'Washington Consensus' neo-liberal economic policies by showing that both macroeconomic and liberalization policy must be sensitive to the particular circumstances of developing countries. This book presents an alternative framework and discusses how alternative approaches to economic policy can better serve developing countries both in ordinary times and in times of crisis.

Written by the leading names in the field, this book introduces the issues and the objectives of macroeconomic policy from various perspectives. It also presents an analysis of macroeconomic models and policy perspectives on stabilization and capital markets liberalization from conservative, Keynesian, and heterodox perspectives.

Product Details

ISBN-13:
9780199288144
Publisher:
Oxford University Press, USA
Publication date:
11/09/2006
Series:
Initiative for Policy Dialogue Series C Series
Pages:
352
Product dimensions:
9.10(w) x 6.10(h) x 0.70(d)

Related Subjects

Table of Contents

Overview
1. Introducing the key questions
2. Objectives
Macroeconomics
3. Three perspectives on policy
4. Why is macroeconomics different in developing countries?
5. Policy instruments from three perspectives: monetary and fiscal policy
6. Further implications of alternative policy perspectives in open economies
7. Policy frameworks
8. Formal approaches
Capital Markets Liberalization
9. Capital markets liberalization: the arguments for and against
10. Interventions in capital markets
11. Capital markets liberalization: summary and remaining debates
Conclusion
12. Stabilization, liberalization, and growth

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