Macroeconomic Adjustment

Author : Pierre-Richard Agénor
Publisher : Academic Press
Page : 752 pages
File Size : 51,7 Mb
Release : 2000
Category : Business & Economics
ISBN : 0120445557

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The Economics of Adjustment and Growth by Pierre-Richard Agénor Pdf

The Economics of Adjustment and Growth moves the study of macroeconomics for developing economies away from the traditional static approach and toward a more dynamic, growth-oriented framework. Pierre-Richard Agénor presents an analysis of policy issues involved in designing economic adjustment programs in developing countries and structural reform policies aimed at fostering economic growth. Emphasizing the need to take into account the structural features of these countries, his work dwells on the considerable body of analytical research and empirical evidence of the past two decades in academic circles and international organizations. It provides cutting-edge analysis of many current real-world issues, such as financial crises and the role of trade integration in fostering economic growth. Overall the book offers an impressive overview of the macroeconomic and structural adjustment issues facing developing economies today.

Author : Luis Serven,Andrés Solimano
Publisher : World Bank Publications
Page : 47 pages
File Size : 50,7 Mb
Release : 1989
Category : Investments
ISBN : 8210379456XXX

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Private Investment and Macroeconomic Adjustment by Luis Serven,Andrés Solimano Pdf

Author : Stefanie Walter
Publisher : Cambridge University Press
Page : 273 pages
File Size : 42,9 Mb
Release : 2013-10-31
Category : Political Science
ISBN : 9781107292444

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Financial Crises and the Politics of Macroeconomic Adjustments by Stefanie Walter Pdf

When are policy makers willing to make costly adjustments to their macroeconomic policies to mitigate balance-of-payments problems? Which types of adjustment strategies do they choose? Under what circumstances do they delay reform, and when are such delays likely to result in financial crises? To answer these questions, this book examines how macroeconomic policy adjustments affect individual voters in financially open economies and argues that the anticipation of these distributional effects influences policy makers' decisions about the timing and the type of reform. Empirically, the book combines analyses of cross-national survey data of voters' and firms' policy evaluations with comparative case studies of national policy responses to the Asian financial crisis of 1997/8 and the recent global financial crisis in Eastern Europe. The book shows that variation in policy makers' willingness to implement reform can be traced back to differences in the vulnerability profiles of their countries' electorates.

Author : Stephan Haggard,Robert R. Kaufman
Publisher : Princeton University Press
Page : 380 pages
File Size : 53,7 Mb
Release : 1992
Category : Business & Economics
ISBN : 0691003947

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The Politics of Economic Adjustment by Stephan Haggard,Robert R. Kaufman Pdf

This is a collection of essays offering comparative analysis of the divergent experiences of developing countries responding to economic crises by adopting macroeconomic stabilization and structural adjustment policies.

Author : Sushanta K. Mallick
Publisher : Routledge
Page : 200 pages
File Size : 55,5 Mb
Release : 2018-08-13
Category : Business & Economics
ISBN : 9780429834172

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Modelling Macroeconomic Adjustment with Growth in Developing Economies by Sushanta K. Mallick Pdf

First published in 1999, this influential volume explores Macroeconomic Adjustment with a particular focus on India. Its inspiration originated from the introduction of stabilisation and structural adjustment policies in India in 1991. Mallick examines the application of this policy package by the International Monetary Fund and the World Bank to Developing Economies. First looking at the initial conditions and generators of imbalances, the appropriate policy framework for India’s initial conditions and structural characteristics is considered. While the effectiveness of the IMF had been strongly criticised, Mallick explains how it could be used more effectively. He argues that the programs applied are often contradictory and, using India as an example, examines the effects of policy reform on its trade sector, the repercussions on the direct economy and the costs associated with such policies in restoring stability and future economic growth, with particular support for the Vector Autoregression (VAR) framework. Mallick forwards a new structural model for policy purposes, evaluated for overall performance and optimal control.

Author : Frederick Z. Jaspersen,Karim Shariff
Publisher : World Bank Publications
Page : 46 pages
File Size : 49,9 Mb
Release : 2024-07-01
Category : Electronic
ISBN : 8210379456XXX

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The Macroeconomic Underpinnings of Adjustment Lending by Frederick Z. Jaspersen,Karim Shariff Pdf

Author : Ian Malcolm David Little
Publisher : World Bank Publications
Page : 470 pages
File Size : 50,9 Mb
Release : 1993
Category : Business & Economics
ISBN : 0195208919

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Boom, Crisis, and Adjustment by Ian Malcolm David Little Pdf

Boom, Crisis, and Adjustment reviews the macroeconomic experiences of eighteen developing countries from 1974 to 1989. The authors address why the experiences and policy reactions have differed among the countries, and how their individual growth rates were affected by these policy reactions.

Author : Jeffrey M. Davis
Publisher : International Monetary Fund
Page : 100 pages
File Size : 52,9 Mb
Release : 1992-01-15
Category : Business & Economics
ISBN : STANFORD:36105000316146

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Macroeconomic Adjustment by Jeffrey M. Davis Pdf

IMF-supported adjustment programs aim to restore economic growth, while bringing about a sustainable balance of payments position. Achievement of these goals requires coordinated use of a variety of policy meansures, including monetary and fiscal, exchange rate, external debt management, and structural policies, which affect capacity use and productive potential. This book, edited by Jeffrey M. Davis, provides an introductory review of some of the policy issues in each of these areas.

Author : Joan M. Nelson,John Waterbury
Publisher : Transaction Publishers
Page : 196 pages
File Size : 44,9 Mb
Release : 1989-01-01
Category : Business & Economics
ISBN : 1412823854

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Fragile Coalitions by Joan M. Nelson,John Waterbury Pdf

"Economic reform by Third World governments is usually portrayed as the product of outside pressure, especially from the International Monetary Fund (IMF) and World Bank. This welcome collection provides an important counter-perspective by putting domestic politics at center stage. Miles Kahler demonstrates that international institutions only rarely play an important role."--Orbis' "Joan Nelson and her collaborators have performed a valuable service for those concerned about the politics of reform by bringing together a series of informed and insightful essays that address clearly and concisely the difficult political dilemmas of economic adjustment."--Merilee S. Grindle,Economic Development and Cultural Change

Author : Ole Roste
Publisher : Routledge
Page : 214 pages
File Size : 46,7 Mb
Release : 2017-09-08
Category : Business & Economics
ISBN : 9781351504881

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Monetary Policy and Macroeconomic Stabilization by Ole Roste Pdf

As a fundamental review and critique of activist economic policies, this book is a unique contribution to classical political economy. "Monetary Policy and Macroeconomic Stabilization" is about macroeconomic stabilization policy, with emphasis on the value of a distinct national monetary policy to growth. Ole Bjorn Roste's argument is for public officials to restrain themselves in the pursuit of policy. As the author notes: when you know less, you should do less.The history of modern macroeconomics started in 1936 with the publication of Keynes' "General Theory of Employment, Interest, and Money". The problems of the Great depression of the 1930s paved the way for a change of focus, from the long run to economic fluctuations in the short run, and from nominal to real variables, such as unemployment and aggregate output.Keynes offered clear policy implications in tune with the times. Because economic adjustment was slow, waiting for the economy to recover by itself was irresponsible. Particularly fiscal policy was essential to return to high employment. Monetary policy could affect aggregate demand through Interest rates, but was less important. Roste discusses the role of monetary policy, starting out with the implications of the theory of optimum currency areas (OCAs). This is followed by estimates of the output loss associated with disinflation policy (the sacrifice ratio) for six OECD economies. Further, Roste models the dynamic adjustment to negative, local labor-market shocks, with particular relevance to Scandinavia, in a final section.The idea that governments should pursue stabilizing fiscal or monetary policies with regard to real variables is often taken for granted by the public, if not by economists. Among the reasons for skepticism, is the presence of differing views on how economies really work, that the state of a given economy becomes known only after a time lag, and that economic agents react to policy and expectations of policy. For these reasons, the effects of policy are generally uncertain. This book explains why the role of history is critical to the study of macroeconomics.p>

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 340 pages
File Size : 50,9 Mb
Release : 1991-06-15
Category : Business & Economics
ISBN : 1557752192

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Macroeconomic Models for Adjustment in Developing Countries by International Monetary Fund Pdf

This volume, edited by Mohsin S. Khan, Peter J. Montiel, and Nadeem U. Haque, examines recent IMF-developed empirical macroeconomic models dealing with adjustment and stabilization policies in developing countries. Some models are relevant for specific countries, and others relate to groups of developing countries.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 30 pages
File Size : 40,6 Mb
Release : 1988-01-01
Category : Business & Economics
ISBN : 9781451924619

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Macroeconomic Adjustment in Developing Countries by International Monetary Fund Pdf

The paper deals with the two parts of the short-run adjustment problem in developing countries: the improvement of the current account and the reduction of inflation, the main cause in both cases being usually a fiscal deficit. It is shown how the two parts are related. Distinctions are made between the primary adjustment cost, which is inevitable, and the secondary cost which results, for example, from failure to devalue or from real wage rigidity. A sectoral cost benefit analysis is suggested. Reducing inflation involves both an inflation tax replacement and a price adjustment problem, and “heterodox” policies designed to deal with the latter are analyzed.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 40 pages
File Size : 45,5 Mb
Release : 1988-12-23
Category : Business & Economics
ISBN : 9781451943825

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The Macroeconomic Effects of Fund-Supported Adjustment Programs by International Monetary Fund Pdf

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

Author : Thanos Catsambas,Miria Pigato
Publisher : World Bank Publications
Page : 72 pages
File Size : 53,8 Mb
Release : 1989
Category : Budget deficits
ISBN : 8210379456XXX

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The Consistency of Government Deficits with Macroeconomic Adjustment by Thanos Catsambas,Miria Pigato Pdf

Author : Mamta Banu Chowdhury
Publisher : Routledge
Page : 256 pages
File Size : 54,9 Mb
Release : 2017-11-28
Category : Business & Economics
ISBN : 9781351150149

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Resources Booms and Macroeconomic Adjustments in Developing Countries by Mamta Banu Chowdhury Pdf

Chowdhury addresses fundamental issues of policy management in resource-based developing countries, by providing an extension of the existing 'Dutch Disease' theory and its applications to the developing country context. The impact of resources booms is of paramount importance for the developing economies. To date the analytical and empirical investigations of these issues have not been available. Essentially, this study will fill this gap. The book investigates the macroeconomic impact of a resources boom and the long-term growth implications of related policy choices with reference to Papua New Guinea. Like many other primary commodity exporting developing economies, Papua New Guinea experienced several short-lived export booms over the past two and a half decades, providing a fascinating case study of potential gains from resources booms and the accompanying complex problems of policy management. This study also incorporates a comparative study of resources boom and policy management issues between Papua New Guinea, Indonesia and Nigeria.