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Macroeconomics for Development

Prognosis and Prospects

9781788977876 Edward Elgar Publishing
Raghbendra Jha, Emeritus Professor of Economics, Arndt-Corden Department of Economics, Australian National University, Australia
Publication Date: January 2023 ISBN: 978 1 78897 787 6 Extent: c 176 pp
Providing a broad overview of the impact of Covid-19 on economic development, this timely book examines closely the macroeconomic aspects of economic development and the design of monetary policies under extreme crises.

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Providing a broad overview of the impact of Covid-19 on economic development, this timely book closely examines the macroeconomic aspects of economic development and the design of monetary policies including under extreme crises.

Raghbendra Jha expertly introduces the subject, highlighting the links between economic growth and macroeconomic stability and illustrates a snapshot of economic development. Thoughtful discussions on measurements and limitations of the Human Development Index as well as the role of institutions and the design for monetary policy are also thoroughly reviewed. Furthermore, the book considers the open economy aspects of economic development and the challenges experienced following the global Covid-19 pandemic and beyond.

The insightful overview of this evolving subject will be crucial reading for scholars interested in economic development, undergraduate and graduate students of economics, as well as economics scholars more broadly. Policy makers, both nationally and internationally, will find the discussions surrounding the design of monetary policies informative and illuminating.
Critical Acclaim
‘Clear, concise, and comprehensive in coverage! Macroeconomics for Development explains in accessible language the use of the tools of macroeconomics in stabilising output at full employment. The emphasis is on developing countries but the issues raised are relevant to all nations.’
– Satish Chand, University of New South Wales, Australia

‘Professor Raghbendra Jha is an eminent macroeconomist. In my opinion, this is perhaps the only book which blends a complete mastery over macroeconomic theory with a profound understanding of policies in the context of developing economies. The author’s own outstanding contributions to a wide range of topics are combined with a deep understanding of how macroeconomic theory must be adapted to enhance human well-being. The book sets high standards of analytical rigour with admirably lucid exposition of complex topics and concepts. Graduate students, researchers and policy makers will benefit immensely from a careful reading of this outstanding book.’
– Raghav Gaiha, University of Pennsylvania, US

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