Development Macroeconomics Fourth Edition by Pierre Richard Agénor, Peter Montiel 9781400866267 140086626X

Development Macroeconomics Fourth Edition by Pierre Richard Agénor, Peter Montiel  – Ebook PDF Instant Download/Delivery:9781400866267, 140086626X 
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Product details:

ISBN 10: 140086626X 
ISBN 13: 9781400866267 
Author: Pierre-Richard Agénor; Peter J. Montiel

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 expanded Features new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, and much more Comes with online supplements on informal financial markets, stabilization programs, the solution of DSGE models with financial frictions, and exchange rate crises

Development Macroeconomics Fourth Table of contents:

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

1 Economic Structure and Aggregate Accounts

2 A General Accounting Framework

3 Production Structure in an Open Economy

4 The Structure of Labor Markets

Part II: Behavioral Functions

5 Consumption and Saving

6 Investment and the Cost of Capital

7 Money and the Banking System

8 The Public Sector

Part III: Macroeconomic Dynamics and Policy

9 Balance of Payments and Exchange Rates

10 Inflation and Monetary Policy

11 Fiscal Policy and Debt Dynamics

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Tags: Pierre Richard Agénor, Peter Montiel, Development