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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.
1. Introducing the key questions
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
12. Stabilization, liberalization, and growth