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Development Macroeconomics: Second Edition

Development Macroeconomics: Second Edition

by Pierre-RichardAgenor (Author), PeterJ.Montiel (Author)

  • Used

    Hardcover 1999

    $3.44
Synopsis

Development Macroeconomics was hailed on its publication in 1996 for providing a clear, rigorous, and long-needed synthesis of recent work in the field. This revised edition brings that achievement up-to-date. Addressing an audience of policy-oriented economists and theorists, graduate students, and advanced undergraduates, Pierre-Richard Agenor and Peter Montiel review and assess the burgeoning research done in the past two decades, paying special attention in this new edition to issues that have recently gained in importance among developing countries, such as the interaction between macroeconomic policies and long-term growth, the political economy of macroeconomic reform, the management of capital inflows, and currency crises.As Agenor and Montiel show, development macroeconomics has become a vital subdiscipline of macroeconomics. In the past, general macroeconomic perspectives on developing countries were divided into the ideologically charged categories of monetarist or structuralist, but a vast literature has since developed that treats the problems of developing countries with the analytical tools of modern macroeconomics. The authors' coherent and rigorous treatment presents this new analysis and empirical work in an unusually lucid and unified way.It includes extensive empirical material describing the characteristics of the developing-country macroeconomic context. It explores how the analytical tools of modern macroeconomics can be adapted to accommodate such characteristics, and it uses the resulting models to analyze a diverse set of macroeconomic issues that developing countries have confronted in recent years. This is a crucial book for anyone wishing to understand this rapidly changing field.

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More Information

Format: Hardcover
 Pages: 824
 Edition: 2nd Revised edition
 Publisher: Princeton University Press
Published: 01 Nov 1999
ISBN 10: 0691006776
ISBN 13: 9780691006772
Book Overview: For students and teachers of money and finance in economic development, the revised edition is even more comprehensive and inclusive. While maintaining high standards of analytical rigor, the authors model a surprising wide range of tough macroeconomic problems--including the more recent Mexican and East Asian currency crises ... an invaluable treatise. -- Ronald McKinnon, Stanford University As emerging markets become an integral part of the world economic landscape, no serious macroeconomist can afford the luxury of ignoring the valuable lessons and insights that can be drawn from many years of research in development macroeconomics. A veritable tour de force, Agenor and Montiel's book fills a large void by providing a timely, comprehensive, and lucid synthesis of this burgeoning field. A must-read for anyone interested in going beyond the cliches of the day and grasping the fundamental issues in development macroeconomics. -- Carlos Vegh, University of California, Los Angeles The first edition of Agenor and Montiel's book was an unprecedented resource for teaching and research on the macroeconomic problems of developing countries. This new edition, with its enhanced coverage of recent questions surrounding capital inflows, crises, and exchange rate strategies, is even more essential. Every serious student of the international economy will want to have this comprehensive treatise on his or her shelf. -- Maurice Obstfeld, University of California, Berkeley

Media Reviews
For students and teachers of money and finance in economic development, the revised edition is even more comprehensive and inclusive. While maintaining high standards of analytical rigor, the authors model a surprising wide range of tough macroeconomic problems--including the more recent Mexican and East Asian currency crises ... an invaluable treatise. --Ronald McKinnon, Stanford University
As emerging markets become an integral part of the world economic landscape, no serious macroeconomist can afford the luxury of ignoring the valuable lessons and insights that can be drawn from many years of research in development macroeconomics. A veritable tour de force, Agenor and Montiel's book fills a large void by providing a timely, comprehensive, and lucid synthesis of this burgeoning field. A must-read for anyone interested in going beyond the cliches of the day and grasping the fundamental issues in development macroeconomics. --Carlos Vegh, University of California, Los Angeles
The first edition of Agenor and Montiel's book was an unprecedented resource for teaching and research on the macroeconomic problems of developing countries. This new edition, with its enhanced coverage of recent questions surrounding capital inflows, crises, and exchange rate strategies, is even more essential. Every serious student of the international economy will want to have this comprehensive treatise on his or her shelf. --Maurice Obstfeld, University of California, Berkeley
Author Bio
Pierre-Richard Ag nor is Lead Economist and Director of the Macroeconomic and Financial Management Program of the World Bank Institute. Peter J. Montiel is Professor of Economics and Chair of the Center for Development Economics at Williams College. They both have written extensively in leading professional journals on stabilization and adjustment issues in developing countries.