• Summary
  • Contents
  • Subject index

The global financial crisis has proved that economic realities are very different from the traditional assumptions of macroeconomics. Macroeconomic Policies for Emerging and Developing Economies provides a contemporary analytical account and discusses the current debates on the theory and practices of macroeconomic policies of developing economies emerging from the crisis. It deals with issues relating to openness, capital flows and exchange rate policies as well as macro-financial policies. It underscores two important points: the need to design a development strategy that takes into account the economic context of the countries concerned, and for well-regulated macro-financial policies that would help promote the objects of sustainable growth with price and financial stability. This engaging and unrivalled guide to macroeconomic policy goes beyond the standard macroeconomists’ tool kit of monetary, fiscal and exchange rate policies and includes topics such as development strategies and macro-financial policies.

The Starters
The starters

Ever since the onset of the Global Financial Crisis (GFC) in 2007– 2008, there has been a view that macroeconomic policies (MEPs) derived from the received principles of macroeconomics may not have a predictable outcome. This is because macroeconomics taught at colleges and universities all over the world has been considered by many graduate students in a number of educational institutions in the Western world as not in sync with the ground realities. They wanted revisions in the syllabi courses.1 Many teachers of economics realized that a rethink or a revisit may be in order. But as it always happens in economics, when there are two economists, there will be three views. Some economics teachers-cum-researchers feel that the principles need to ...

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