This book develops macroeconomic theory for small open economies characterized by the sort of controls which make much of existing neoclassical economics inapplicable to developing countries. It distinguishes between sustainable combinations of policies and incompatible control regimes. The authors analyze the changes needed to maintain compatibility and the consequences of failing to do so. They also consider optimal investments in response to a temporary shock. The second half of the book contains an analysis of two temporary trade shocks in Africa, in both compatible and incompatible control regimes, demonstrating the applicability of the theory. It shows that in a compatible regime, the regime and the fiscal response to changes in revenue may make the reaction to a shock grossly inefficient. Under incompatibility, an economy exposed to a negative shock may go into steep decline, while responses to conventional policies may be reversed.
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Book by Bevan David Collier Paul Gunning Jan Willem
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Da: Midtown Scholar Bookstore, Harrisburg, PA, U.S.A.
Hardcover. Condizione: Very Good. Very Good - Crisp, clean, unread book with some shelfwear/edgewear, may have a remainder mark - NICE Standard-sized. Codice articolo M0198286201Z2
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Da: Daedalus Books, Portland, OR, U.S.A.
Hardcover. Condizione: Very Good. Condizione sovraccoperta: Very Good. First Edition. Cloth. ; Octavo. Codice articolo 130504ee3
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Da: Ammareal, Morangis, Francia
No jacket. Condizione: Bon. Ancien livre de bibliothèque avec équipements. Sans jaquette. Edition 1990. Editeur différent. Ammareal reverse jusqu'à 15% du prix net de cet article à des organisations caritatives. ENGLISH DESCRIPTION Book Condition: Used, Good. Former library book. No dust jacket. Edition 1990. Different publisher. Ammareal gives back up to 15% of this item's net price to charity organizations. Codice articolo G-477-751
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Da: The Bookshop at Beech Cottage, Newbury, Regno Unito
Hardcover. Condizione: Fine. Condizione sovraccoperta: Very Good. 1st Edition. 367pp + xiii prelims. Black cloth covered boards with gilt lettering on spine. No inscriptions. Tightly bound. Light green end papers. Appears unread. Green dust jacket with white lettering. Slight shelf wear and finger marks to dust jacket. Codice articolo 005304
Quantità: 2 disponibili
Da: Prior Books Ltd, Cheltenham, Regno Unito
Hardcover. Condizione: Very Good. Condizione sovraccoperta: Very Good. First Edition. Publisher's hardback in better than very good condition: firm and square, strong joints. Complete with original dustjacket, not showing any tears or chips. Contents tight and clean; no pen-marks. Not from a library so no such stamps or labels. Thus a tidy book in very presentable condition. Codice articolo 208006
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Da: Hay-on-Wye Booksellers, Hay-on-Wye, HEREF, Regno Unito
Condizione: Good. Dust jacket is slightly worn and knocked to its extremities. Marks/scratching to both sides. Content is clean and readable throughout. Codice articolo 097050-11
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