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Economics of Adjustment and Growth
Pierre-Richard Agenor
Price: $ 125

The Economics of Adjustment and Growth moves the study of macroeconomics for developing economies away from the traditional static approach and toward a more dynamic, growth-oriented framework. Pierre-Richard Agénor presents an analysis of policy issues involved in designing economic adjustment programs in developing countries and structural reform policies aimed at fostering economic growth. Emphasizing the need to take into account the structural features of these countries, his work dwells on the considerable body of analytical research and empirical evidence of the past two decades in academic circles and international organizations. It provides cutting-edge analysis of many current real-world issues, such as financial crises and the role of trade integration in fostering economic growth. Overall, the book offers an impressive overview of the macroeconomic and structural adjustment issues facing developing economies today.

Introduction and Overview
Consumption, Saving, and Investment
The Financial System, Money Demand, and Monetary Policy
Fiscal Deficits, Public Debt, and the Current Account
Exchange Rate Regimes, Credibility, and Exchange Rate Adjustment
Inflation and Disinflation
Capital Inflows: Causes and Policy Responses
Currency Crises and Financial Volatility
Aggregate Accounts, Budget Constraints, and Model Consistency
Policy Tools for Macroeconomic Analysis
Growth, Poverty, and Income Distribution: Some Basic Facts
Growth and Technological Progress: The Solow-Swan Model
Knowledge, Human Capital, and Endogenous Growth
The Determinants of Economic Growth: An Empirical Overview
Structural Adjustment: Agriculture, Trade, and the Labor Market
Fiscal and Financial Sector Reforms
Adjustment and External Debt in Low-Income Countries
Sequencing, Gradualism, and the Political Economy of Adjustment

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