Development Macroeconomics (eBook)

Fourth Edition

Pierre-Richard Agenor, Peter J. Montiel (Autoren)

eBook Download: PDF

2015 | 4., Fourth Edition
792 Seiten
Princeton University Press (Verlag)
978-1-4008-6626-7 (ISBN)

Infos

Pierre-Richard Agénor is the Hallsworth Professor of International Macroeconomics and Development Economics at the University of Manchester. Peter J. Montiel is the Fairleigh S. Dickinson Jr. '41 Professor of Economics at Williams College.

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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

Produkt-Details

• Erscheint lt. Verlag: 23.6.2015
• Zusatzinfo: 62 line illus. 1 table.
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
• Schlagworte: Adaptive Expectations • Adjustable Peg • AK model • asset • balance of trade • bank run • Capital control • Capital market imperfections • Central Bank • core inflation • Cost Of Funds • credibility • Credit (finance) • Credit rationing • Crowding out (economics) • Currency • Currency Crisis • Deadweight loss • debt • Debt-to-GDP ratio • Deficit Spending • Depreciation • Devaluation • developed country • discretionary policy • disinflation • Diversification (finance) • Economic bubble • Economic equilibrium • Economic Growth • Economic Liberalization • Economic Rent • economic surplus • economy • Efficiency Wage • Excess burden of taxation • Exchange Rate • Exchange-rate regime • Expansionary fiscal contraction • Externality • Fear of floating • Financial Accelerator • Fiscal Adjustment • fiscal gap • Fiscal Policy • Funding • Government budget balance • High-yield debt • indexation • Inflation • Inflationary bias • Inflation Hedge • Inflation Targeting • Inflation Tax • Information asymmetry • Interest Rate • Investment • Leverage (finance) • Liberalization • Liquidity constraint • Long run and short run • Lucas critique • Macroeconomics • macroprudential regulation • Marginal propensity to consume • Market Failure • market liquidity • Marshall–Lerner condition • Monetarism • monetary authority • monetary policy • Net Interest Margin • Nominal interest rate • Optimal tax • Phillips Curve • Policy • Precautionary Savings • Present Value • Price controls • price level • purchasing power • Rate Trigger • Real business-cycle theory • Real interest rate • Real versus nominal value (economics) • real wages • Recession • Risk Premium • shortage • Speculation • stabilization policy • Structural adjustment • substitution effect • Supply (economics) • Tax • Tax Incidence • Taylor Rule • The Wealth Effect • Tight Monetary Policy • Unemployment
• ISBN-10: 1-4008-6626-X / 140086626X
• ISBN-13: 978-1-4008-6626-7 / 9781400866267