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The Macroeconomics task force aims to provide a fairly comprehensive framework for addressing key policy issues facing developing countries. These include discussions of the appropriate objectives, instruments including tax policies, policy frameworks, and institutions.
In particular, the task force seeks to differentiate economic tools from objectives. Much macroeconomic policy and analysis has confused intermediate with final variables. The objectives of Macroeconomic policy include growth, employment, and improved living standards. Targets such as economic stability and low inflation should not be viewed as objectives in-themselves, but a means to the ultimate objective of long-term sustainable growth.
Macroeconomics Task Force Chairs: Ricardo Ffrench-Davis - Main Adviser, The UN Economic Commission for Latin America and the Caribbean (ECLAC) Deepak Nayyar - Vice Chancellor, University of Delhi Joseph Stiglitz - Professor, Columbia University Economics Department, Graduate School of Business, School of International and Public Affairs
Read more about the IPD Macroeconomics Task Force  |
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| IPD Book Series: Stability with Growth |
| Publication: Joseph E. Stiglitz, Jose Antonio Ocampo, Shari Spiegel, Ricardo Ffrench-Davis, and Deepak Nayyar |
This new book presents the current debates on macroeconomics, capital market liberalization, and development. It then begins to develop a new framework to assess alternative policies. This new framework focuses on real stability and long-term sustainable and equitable growth, offers a variety of non-standard ways to stabilize the economy and promote growth, and accepts that market imperfections necessitate government interventions.
The first part of the book introduces the key questions and looks at the objectives of economic policy from conservative, Keynesian, and heterodox perspectives. The second part examines the central issues of macroeconomics, presenting an analysis of economic models and policies from different perspectives. The third part presents a similar analysis for capital market liberalization (CML).
Stability with Growth may be purchased on Amazon.com . |
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| Task Force Overviews: Macroeconomics Overview Book |
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This year the Task Forces for Macroeconomics and Capital Market Liberalization will be publishing their Overview Chapter together. This book has three parts. In the first part, "Point-Counterpoint: A Citizen's Handbook on Economic Controversies," we present the basic arguments that we've heard around the world. Our goal in this section is to provide readers with a brief general synopsis of the debates surrounding Macroeconomic Policy and Capital Market Liberalization.
In the second part of the book we examine the central issues of macroeconomics, presenting in a more systematic way an analysis of objectives, models, and policy perspectives on stabilization.
In the third part of the book we examine the central issues of capital market liberalization, presenting in a more systematic way an analysis of objectives, models, and policy perspectives on interventions. |
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| Task Force Books: Macroeconomics Volume I |
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| The Macroeconomics Companion Volume will cover topics from the Overview Chapter in further detail. The goal is to cover the major issues and the viewpoints, with a theoretical framework supplemented by case studies. Click the link to see a full outline of the volume. |
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