Rethinking macroeconomic policies for development
Bibliographic Data
| ID | 4368950 |
|---|---|
| Authors | Deepak Nayyar (0000-0002-3957-0153, Jawaharlal Nehru University, corresponding author) |
| Year | 2011 |
| Volume | 31 |
| Issue | 3 |
| Pages | 339-351 |
| Publication date | 2011-09-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Brazilian Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0101-3157 • E-ISSN: 1809-4538 |
| Publisher | FapUNIFESP (SciELO) (PUBLISHER) |
| DOI | 10.1590/s0101-31572011000300001 |
| OpenAlex | W2114804708 |
| SciELO | S0101-31572011000300001 |
| Language | EN |
| Citations received | 6 |
| References cited | 7 |
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
Economic policy · Economic stability · Economic system · Economics · Fiscal policy · Ideology · Inflation (cosmology · Macroeconomic model · Macroeconomics · Monetary policy · Political science · Politics · Price of stability · Economic Theory and Policy · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
| Citations per year | 0.46 |
|---|---|
| Citation span | 2013 - 2023 (11) |
| Highly cited | No |