The macroeconomic experience of emerging and developing economies
has tended to be quite different from that of industrial countries.
Compared to industrial countries, emerging and developing economies
have tended to be much more unstable, with more severe boom/bust
cycles, episodes of high inflation, and a variety of financial
crises. This textbook describes how the standard macroeconomic
models that are used in industrial countries can be modified to
help understand this experience, and how institutional and policy
reforms in emerging and developing economies may affect their
future macroeconomic performance. This second edition differs from
the first in offering - extensive new material on themes such as
fiscal institutions, inflation targeting, emergent market crises,
and the Great Recession - numerous application boxes -
end-of-chapter questions - references for each chapter - more
diagrams, less taxonomy, and a more reader-friendly narrative -
enhanced integration of all parts of the work.
Cambridge University Press (Virtual Publishing)
|Country of origin:
Peter J. Montiel
||Electronic book text
||2nd Revised edition
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