Development Macroeconomics : Fourth Edition / Peter J. Montiel, Pierre-Richard Agénor.

Format:

Book

Author/Creator:

Agénor, Pierre-Richard, author.

Montiel, Peter J., author.

Language:

English

Subjects (All):

Macroeconomics.

Development economics.

Developing countries--Economic conditions.

Developing countries.

Genre:

Electronic books.

Physical Description:

1 online resource (793 p.)

Edition:

Fourth

Place of Publication:

Princeton, NJ : Princeton University Press, [2015]

Language Note:

English

System Details:

Mode of access: World Wide Web.

Summary:

The global financial crisis triggered severe shocks for developing countries, whose embrace of greater commercial and financial openness has increased their exposure to external shocks, both real and financial. This new edition of Development Macroeconomics has been fully revised to address the more open and less stable environment in which developing countries operate today.Describing the latest advances in this rapidly changing field, the book features expanded coverage of public debt and the management of capital inflows as well as new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, currency unions, and the choice of an exchange-rate regime. A new chapter on dynamic stochastic general equilibrium (DSGE) models with financial frictions has been added to reflect how the financial crisis has reshaped our thinking on the role of such frictions in generating and propagating real and financial shocks. The book also discusses the role of macroprudential regulation, both independently and through its interactions with monetary policy, in preserving financial and macroeconomic stability.Now in its fourth edition, Development Macroeconomics remains the definitive textbook on the macroeconomics of developing countries.The most authoritative book on the subject-now fully revised and expandedFeatures new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, and much moreComes with online supplements on informal financial markets, stabilization programs, the solution of DSGE models with financial frictions, and exchange rate crises

Contents:

Frontmatter

Contents

Preface to the Fourth Edition

Introduction and Overview

Part I: Macroeconomic Accounts, Market Structure, and Behavioral Functions

Chapter 1. Economic Structure and Aggregate Accounts

Chapter 2. Behavioral Functions

Part II: Financial Policies

Chapter 3. The Government Budget and Fiscal Management

Chapter 4. Macroeconomic Effects of Fiscal Policy

Chapter 5. Financial Markets and the Monetary Transmission Mechanism

Chapter 6. A Framework for Monetary Policy Analysis

Chapter 7. Inflation Targeting, Macroeconomic Stability, and Financial Stability

Chapter 8. Choosing an Exchange-Rate Regime I: Credibility, Flexibility, and Welfare

Chapter 9. Choosing an Exchange-Rate Regime II: The Role of Shocks, Contractionary Effects, and Moral Hazard

Part III: Inflation Stabilization and Applied Models for Monetary Policy Analysis

Chapter 10. Inflation and Short-Run Dynamics

Chapter 11. Analytical Issues in Disinflation Programs

Chapter 12. Dynamic Stochastic Equilibrium Models with Financial Frictions

Part IV: Financial Openness, Capital Flows, and Financial Crises

Chapter 13. Financial Integration and Capital Flows

Chapter 14. Exchange-Rate Crises and Sudden Stops

Chapter 15. Banking Crises and Twin Crises

Chapter 16. Sovereign Debt Crises

Part V: Growth, Structural Reforms, and Political Economy

Chapter 17. Macroeconomic Policies and Growth

Chapter 18. Trade Liberalization, Financial-Sector Reforms, and Sequencing

Chapter 19. The Political Economy of Adjustment

Epilogue

References

Index of Names

Index of Subjects

Notes:

Description based upon print version of record.

Includes bibliographical references (pages 701-740) and indexes.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 23. Mai 2019)

ISBN:

9781400866267

OCLC:

1132223937