Macroeconomic Policy in Fragile States (Hardcover)
Language: English
Published by Oxford University Press, Oxford, 2021
- Hardcover
- New
Seller: CitiRetail, Stevenage, United KingdomCitiRetail
AbeBooks seller since June 29, 2022
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Hardcover. Setting macroeconomic policy is especially difficult in fragile states. Political legitimacy concerns are heightened, raising issues such as who the policymakers are, what incentives they face, and how the process of policymaking is likely to work under limited legitimacy and high uncertainty both about the macroeconomic environment as well as policy effectiveness. In addition, fragility expands the range of policy objectives in ways that may constrain theattainment of standard macroeconomic objectives. Specifically, in the context of fragility policymakers also need to focus on measures to mitigate fragility itself - i.e., they need to address issues such asregional and ethnic economic disparities, youth unemployment, and food price inflation. Socio-political developments around the world have thus pushed policymakers to broaden their toolkit to improve the effectiveness of macroeconomic management in the face of these constraints.The chapters in Macroeconomic Policy in Fragile States address these issues, both by giving an analytical context from which policymakers can build to answer the questions they face infragile situations as well as by providing lessons drawn from empirical analyses and case studies. The first section of the volume discusses the interactions between political economy considerations andmacroeconomic policymaking. The second section covers the private sector environment in fragile states. The third section focuses on macroeconomic policy, especially fiscal policy, monetary policy, exchange rate policy, external flows, and aid effectiveness. The last section explains the role of the IMF in fragile states and concludes by presenting case studies from the Middle East and from Sub-Saharan Africa. The contributors to the volume are economists and political scientists from academiaas well as policymakers from international organizations and from countries affected by fragility. Setting macroeconomic policy is especially difficult in fragile states. Macroeconomic Policy in Fragile States addresses the many issues involved and considers ways to improve the effectiveness of macroeconomic management in the face of these constraints. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.…
Seller Inventory # 9780198853091
- Title
- Macroeconomic Policy in Fragile States (Hardcover)
- Author
- Ralph Chami
- Publisher
- Oxford University Press, Oxford
- Publication year
- 2021
- Condition
- new
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0198853092
- ISBN 13
- 9780198853091
The chapters in Macroeconomic Policy in Fragile States address these issues, both by giving an analytical context from which policymakers can build to answer the questions they face in fragile situations as well as by providing lessons drawn from empirical analyses and case studies. The first section of the volume discusses the interactions between political economy considerations and macroeconomic policymaking. The second section covers the private sector environment in fragile states. The third section focuses on macroeconomic policy, especially fiscal policy, monetary policy, exchange rate policy, external flows, and aid effectiveness. The last section explains the role of the IMF in fragile states and concludes by presenting case studies from the Middle East and from Sub-Saharan Africa. The contributors to the volume are economists and political scientists from academia as well as policymakers from international organizations and from countries affected by fragility.
"Synopsis" may belong to another edition of this title.
About the Author
<b>Raphael Espinoza</b> is Deputy Division Chief at the IMF, in the Fiscal Affairs Department. He has worked on several crisis cases (Brexit, the euro crisis, IMF SBA programs, etc.) as well as in the IMF Research Department and as Lecturer and Director of the Centre for the Studies of Emerging Economies at UCL. He has written a book on the macroeconomics of the Arab States of the Gulf (OUP, 2013) and papers on international macroeconomics and finance.
<b>Peter Montiel</b> is the Farleigh S. Dickinson Jr. '41 Professor of Economics at Williams College. He has also worked at the IMF and at the World Bank, and has served as a consultant for the African Development Bank, the Asian Development Bank, and the Inter-American Development Bank, as well as for several central banks. His research is on macroeconomic issues in developing countries. He has written several books and a number of papers in professional journals.
"About the title" may belong to another edition of this title.
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