Development Macroeconomics - Tapa dura

"This book represents a significant contribution to the study of development macroeconomics as a separate field and is worthy of great note."--Journal of Evolutionary Economics

"Development Macroeconomics fills a number of gaps in the economic literature on developing countries.... [It] provides a synthesis of the work done on the macroeconomics of developing countries over the past 30 years. At the same time, it applies standard macroeconomic analysis to developing countries as a group; in this way, the book widens the applicability of an argument across countries, as well as showing how an individual country might be different from a stylized case."--IMF Survey

"This textbook offers a comprehensive account of both empirical and analytical research on the macroeconomic problems faced by developing countries.... A genuinely fine account of development macroeconomics."--Kyklos

"Both a thorough synthesis of the recent literature and an original contribution to the field of development macroeconomics."--Choice

Addressing an audience of policy-oriented economists and theorists, graduate students and advanced undergraduates, this book is the first to synthesize the burgeoning work done in the past fifteen years in the macroeconomics of developing countries, which has now become an important subdiscipline of macroeconomics. In the past general macroeconomic perspectives on developing countries were divided into the ideologically charged categories of "monetarist" or "structuralist," but in recent years a vast literature has developed treating developing country macro problems with the analytical tools of modern macroeconomics. Presenting this new analysis and empirical work in a unified way is the task accomplished by Pierre-Richard Agénor and Peter Montiel's coherent and rigorous treatment.

Agénor and Montiel include extensive empirical material describing the characteristics of the developing-country macroeconomic context. They explore how the analytical tools of modern macroeconomics can be adapted to accommodate such characteristics and use the resulting models to analyze a diverse set of macroeconomic issues that have confronted developing countries in recent years.