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
Stability with Growth: Macroeconomics, Liberalization and Developmentby Joseph E. Stiglitz
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 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.
Table of Contents
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