Macroeconomic stabilization and adjustment
By: M.J. Manohar Rao, Raj Nallari.
Contributors: Nallari, Raj, 1955-
Publisher: Oxford University Press
Published: 2001
Place of publication: New Delhi; New York
Language: eng
Number of pages: 366
Subjects: Development economics.; Macroeconomics.; Developing countries -- Economic conditions.
Notes: Includes bibliographical references (p. [334]-355) and indexes.
Table of contents: title: Machine generated contents note: 1. Introduction; title: 1.1 Overview; title: 1.2 Interest in Structural Adjustment Programmes; title: 1.3 A Typical Reform Programme; title: 1.4 Convergence of Views on Policy Priorities; title: 1.5 Analytical Framework and the Use of Models; title: 1.6 Chapterization and Themes for Analysis; title: 1.7 Some Issues; title: MACROECONOMIC FRAMEWORK AND POLICIES; title: 2. Analytical Framework for Macroeconomic Management; title: 2.1 Introduction; title: 2.2 Basic Accounting Concepts; title: 2.3 National Income: Consistency Accounting Matrix; title: 2.4 A Macroeconomic Consistency Framework; title: 2.5 Flow of Funds versus Market Equilibrium; title: 3. Macroeconomic Adjustment: A Policy Perspective; title: 3.1 Introduction; title: 3.2 Specification of Monetary Policy; title: 3.3 Guidelines for Fiscal Adjustment; title: 3.4 Exchange Rate Policies; title: 3.5 Conclusions; title: ANALYTICAL FRAMEWORK FOR STABILIZATION; title: AND ADJUSTMENT; title: 4. Financial Programming and Stabilization; title: 4.1 Introduction; title: 4.2 The Simple Monetary Stabilization Model; title: 4.3 The Monetary Approach to the Balance; title: of Payments; title: 4.4 The Fund Approach: The Basic Framework; title: 4.5 Stabilization Theory; title: 4.6 Financial Programming; title: 4.7 Critique of the Fund Approach; title: 5. Growth Programming and Adjustment; title: 5.1 Introduction; title: 5.2 Growth and Resource Gap Models; title: 5.3 The Bank Approach: The Revised Minimum; title: Standard Model (RMSM); title: 5.4 Critique of the Bank Approach; title: 6. Financial Programming and Growth-oriented Adjustment; title: 6.1 Introduction; title: 6.2 Adjustment with Growth: The Merged; title: Bank-Fund Model; title: 6.3 Integrating Growth into the Basic Monetary Model; title: 6.4 Growth-oriented Financial Programming: A; title: Conceptual Framework; title: 6.5 Stabilization with Growth; title: 6.6 Conclusions; title: MONETARY, FISCAL, AND EXTERNAL SECTOR; title: ADJUSTMENTS; title: 7. Growth-oriented Adjustment and Monetary Reform; title: 7.1 Introduction; title: 7.2 Monetary Reform and Interest Rate Policy; title: 7.3 Theoretical Models of Interest Rate Determination; title: 7.4 Integrating the Interest Rate into the Merged Model; title: 7.5 Policy Analysis with the Integrated Model; title: 7.6 Conclusions; title: 8. Fiscal Adjustments, Deficits, and Growth; title: 8.1 Analytical Aspects of Fiscal Policy; title: 8.2 Some Unpleasant Fiscal Arithmetic; title: 8.3 Monetary and Fiscal Links; title: 8.4 Fiscal Deficit, Money Creation, and Debt; title: 8.5 Towards a Consistent Fiscal Policy Design; title: 8.6 Extending the Integrated Framework; title: 8.7 Fiscal Policy, Interest Rates, and Growth; title: 8.8 Conclusions; title: 9. External Adjustments, Debt, and Growth; title: 9.1 Introduction; title: 9.2 Towards Formulating an External Debt Strategy; title: 9.3 Solvency, Creditworthiness, and Sustainable; title: External Borrowings; title: 9.4 External Debt Management in Financial; title: Programming; title: 9.5 Towards a Consistent Growth-oriented; title: Adjustment Policy; title: 9.6 Towards a Sustainable Growth-oriented; title: Adjustment Programme; title: 9.7 Conclusions; title: REDISTRIBUTION, ADJUSTMENT, AND GROWTH; title: 10. Redistributive Adjustment with Growth; title: 10.1 Introduction; title: 10.2 Adjustment with a Human Face: The UNICEF; title: Approach; title: 10.3 Quality of Growth; title: 10.4 Inequality, Poverty, and Growth; title: 10.5 Income Distribution in a Financial; title: Programming Framework; title: 10.6 Conclusions; title: 11. Alternative Approaches to Adjustment and Growth; title: 11.1 Introduction; title: 11.2 Structuralist-inspired Views and Models; title: 11.3 The Twin Deficits Approach to Growth; title: 11.4 Inertial Inflation, Heterodox Programmes, and; title: Growth; title: 11.5 Reciprocal Conditionality and Growth; title: 11.6 Conclusions; title: LESSONS OF ADJUSTMENT EXPERIENCE; title: 12. Financial Policies and Growth; title: 12.1 Introduction; title: 12.2 Financial Crises; title: 12.3 Analytical Afterthoughts on the Asian Crisis; title: 12.4 A Theoretical Model of Financial Crisis; title: 12.5 Policy Coordination and Sustainability: An; title: Analytical Framework; title: 12.6 On the Design of Policy: Some Illustrative; title: Examples; title: 12.7 Conclusions; title: 13. Economic Policies and Growth; title: 13.1 Introduction; title: 13.2 Liberalization with Stabilization; title: 13.3 The Political Economy of Stabilization and; title: Adjustment; title: 13.4 The Lessons of Experience; title: 13.5 Epilogue; title: References; title: Index.