Open-economy Macroeconomics for Developing Countries

ISBN-13: 9781840644531 / Angielski / Miękka / 2000 / 264 str.

Akhtar Hossain; Anis Chowdhury

Opis

Open-Economy Macroeconomics for Developing Countries focuses on fiscal, monetary and exchange rate issues of importance to less developed economies. The book argues that the dichotomy between the short-term macroeconomic stabilization goal and the long-term economic growth objective commonly found in developing countries' policy framework is inappropriate. The authors report empirical evidence to support the proposition that macroeconomic stability is a pre-requisite for sustained economic growth and the root of macroeconomic instability in developing countries lies in the government budget deficits.