Development macroeconomics

A collection of essays on macroeconomics, monetary policy and development economics, drawn from economists around the world who worked closely with the late Anita Ghatak, a Greenwich University scholar specialising in macroeconomics and econometrics. The contributions examine macroeconomic policy in both developed and transition economies.

Among the central subjects are tests of newer theories of economic growth and convergence, and the use of dynamic, rigorous time-series econometric techniques to analyse money demand in transition economies. Other chapters consider what economic development means, compare the recent growth paths of India and China, model the macroeconomics of poverty reduction, and study monetary policy rules in transition economies.

The volume also looks at the Asian financial crisis, the effects of migration on investment and growth, and patterns of international consumption.