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Full Description
Providing a broad overview of the impact of COVID-19 on economic development, this timely book closely examines the macroeconomic aspects of economic development and the design of monetary policies including under extreme crises.
Raghbendra Jha expertly introduces the subject, highlighting the links between economic growth and macroeconomic stability and illustrates a snapshot of economic development. Thoughtful discussions on measurements and limitations of the Human Development Index as well as the role of institutions and the design for monetary policy are also thoroughly reviewed. Furthermore, the book considers the open economy aspects of economic development and the challenges experienced following the global COVID-19 pandemic and beyond.
The insightful overview of this evolving subject will be crucial reading for scholars interested in economic development, undergraduate and graduate students of economics, as well as economics scholars more broadly. Policymakers, both nationally and internationally, will find the discussions surrounding the design of monetary policies informative and illuminating.
Contents
Contents: Preface 1. Introduction: less developed countries and macroeconomics 2. Development indicators at the global level 3. Finance, institutions and economic development 4. The design of monetary policy for development 5. Fiscal policy 6. Facets of macroeconomic policymaking in open economies 7. Microeconomic foundations for stochastic general equilibrium macro models 8. Economic consequences of the COVID-19 pandemic for the developing world 9. Macroeconomic policies in the current global context Index
