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Book Cover
Author Villanueva, Delano

Title Macroeconomic policies for stable growth / Delano S. Villanueva
Published Singapore ; Hackensack, NJ : World Scientific, ©2008


Description 1 online resource (xvii, 252 pages) : illustrations
Contents 1. Strategies for financial reforms. 1.1. Financial liberalization: a review of major issues. 1.2. Experiences with different liberalization. 1.3. Summary and conclusions -- 2. Managing capital flows. 2.1. Introduction. 2.2. International private capital flows into South East Asia. 2.3. Macroeconomic effects. 2.4. Policy responses. 2.5. A proposed policy strategy. 2.6. Summary and conclusions -- 3. External debt, adjustment, and growth. 3.1. Introduction. 3.2. The formal framework. 3.3. Application to the Philippines. 3.4. Implications for fiscal policy and external debt management. 3.5. Summary and conclusions -- 4. Exports and economic development. 4.1. Introduction. 4.2. The growth model. 4.3. Optimal saving. 4.4. Summary and conclusions -- 5. Openness, human development, and fiscal policies. 5.1. Endogenous growth. 5.2. Optimal long-run growth. 5.3. The speed of adjustment toward equilibrium. 5.4. Summary and conclusions -- 6. Social and political factors in a model of endogenous economic growth and distribution: an application to the Philippines. 6.1. Introduction. 6.2. The theoretical framework. 6.3. The Philippine macroeconomic experience. 6.4. Summary and conclusions -- 7. Does monetary policy matter for long-run growth? 7.1. Introduction. 7.2. The modified model. 7.3. The effects of disinflation. 7.4. Optimal monetary policy and optimal long-run growth. 7.5. The speed of adjustment to long-run equilibrium
Summary "This volume is a collection of published and unpublished papers that the author has written over the last two decades during part of his tenure at the International Monetary Fund, the South East Asian Central Banks Research and Training Center, and Singapore Management University. The policy-oriented book examines the links between macroeconomic policies and noninflationary, full-employment levels and growth rates of aggregate gross domestic product, with particular focus on the application in emerging markets of the tools of growth theory. Theoretically sound and grounded in practical wisdom, this book is an essential reading for economic, financial and developmental policymakers, professional economists, and undergraduate/graduate students in economics and social sciences."--Jacket
Bibliography Includes bibliographical references and index
Notes Print version record
Subject Economic development.
Economic policy.
economic development.
BUSINESS & ECONOMICS -- Development -- Business Development.
BUSINESS & ECONOMICS -- Development -- Economic Development.
BUSINESS & ECONOMICS -- Development -- General.
BUSINESS & ECONOMICS -- Government & Business.
BUSINESS & ECONOMICS -- Structural Adjustment.
POLITICAL SCIENCE -- Public Policy -- Economic Policy.
Economic development.
Economic policy.
Neue Wachstumstheorie.
Form Electronic book
ISBN 9789812818317