Rethinking macroeconomic policies for development
AUTOR(ES)
Nayyar, Deepak
FONTE
Brazilian Journal of Political Economy
DATA DE PUBLICAÇÃO
2011-09
RESUMO
The global economic crisis has created an opportunity to rethink macroeconomics for development. Such rethinking is both necessary and desirable. It is essential to redefine macroeconomic objectives so that the emphasis is on fostering employment creation and supporting economic growth instead of the focus on price stability alone. It is just as important to rethink macroeconomic policies which cannot simply be used for the management of inflation and the elimination of macroeconomic imbalances, since fiscal and monetary policies are powerful and versatile instruments in the pursuit of development objectives. In doing so, it is essential to the overcome the constraints embedded in orthodox economic thinking and recognize the constraints implicit in the politics of ideology and interests.
Documentos Relacionados
- Simple Macroeconomic Policies and Welfare: A Quantitative Assessment
- Overcoming the "impossible trinity": towards a mix of macroeconomic policy instruments for sustaining economic development in Brazil
- Rethinking the development of the architect
- The origins and development of food policies in Europe
- A Systems Approach to College Drinking: Development of a Deterministic Model for Testing Alcohol Control Policies*
