The Economics of Adjustment and Growth

The Economics of Adjustment and Growth is an exciting book, focusing on the challenges facing researchers and policymakers in the design and implementation of macroeconomic policies in developing countries. The book is very well written, with a nice balance between a clear exposition of models and an overview of their empirical applications. It summarizes the current state of knowledge and recent experience with policies. I highly recommended it to advanced undergraduate and graduate students interested in applied policy issues, as well as practitioners interested in gaining insight into current models and applications. -- Joshua Aizenman, Professor of Economics, University of California at Santa Cruz Richard Agenor's book provides an excellent and comprehensive analysis of macroeconomic and structural policy issues that are highly relevant for developing countries. Its rigorous, yet intuitive, treatment makes it particularly suitable for postgraduate programmes in development macroeconomics or development finance. It is also well suited for advanced macroeconomic courses that have a development or growth focus, as well as being an excellent up-to-date reference source for policymakers in developing countries. -- Panicos Demetriades, Professor of Financial Economics, University of Leicester This book brings together recent theory and fresh empirical evidence on all relevant dimensions of economic adjustment and growth. Drawing from the research frontier and the results and insights of worldwide policy experience, it presents a unified treatment in a rigorous but accessible form. Richard Agenor's new book is a primer for academic economists, policymakers, economic analysts, and students in the fields of macroeconomics, development economics, and international finance, both at undergraduate and graduate levels. -- Klaus Schmidt-Hebbel, Central Bank of Chile

This book provides a systematic and coherent framework for understanding the interactions between the micro and macro dimensions of economic adjustment policies; that is, it explores short-run macroeconomic management and structural adjustment policies aimed at promoting economic growth.

This book provides a systematic and coherent framework for understanding the interactions between the micro and macro dimensions of economic adjustment policies; that is, it explores short-run macroeconomic management and structural adjustment policies aimed at promoting economic growth. It emphasizes the importance of structural microeconomic characteristics in the transmission of policy shocks and the response of the economy to adjustment policies. It has particular relevance to the economics of developing countries.

The book is directed to economists interested in an overview of the economics of reform; economists in international organizations, such as the UN, the IMF, and the World Bank, dealing with development; and economists in developing countries. It is also a text for advanced undergraduate students pursuing a degree in economic policy and management and students in political science and public policy.