Rethinking macroeconomic policies for development

Detalhes bibliográficos
Autor(a) principal: Nayyar,Deepak
Data de Publicação: 2011
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572011000300001
Resumo: 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.
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spelling Rethinking macroeconomic policies for developmentfull employmenteconomic growthfiscal policymonetary policypro-cyclical policiesinflationfiscal deficitinterest ratestabilizationadjustmentThe 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.Centro de Economia Política2011-09-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572011000300001Brazilian Journal of Political Economy v.31 n.3 2011reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/S0101-31572011000300001info:eu-repo/semantics/openAccessNayyar,Deepakeng2011-09-08T00:00:00Zoai:scielo:S0101-31572011000300001Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2011-09-08T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv Rethinking macroeconomic policies for development
title Rethinking macroeconomic policies for development
spellingShingle Rethinking macroeconomic policies for development
Nayyar,Deepak
full employment
economic growth
fiscal policy
monetary policy
pro-cyclical policies
inflation
fiscal deficit
interest rate
stabilization
adjustment
title_short Rethinking macroeconomic policies for development
title_full Rethinking macroeconomic policies for development
title_fullStr Rethinking macroeconomic policies for development
title_full_unstemmed Rethinking macroeconomic policies for development
title_sort Rethinking macroeconomic policies for development
author Nayyar,Deepak
author_facet Nayyar,Deepak
author_role author
dc.contributor.author.fl_str_mv Nayyar,Deepak
dc.subject.por.fl_str_mv full employment
economic growth
fiscal policy
monetary policy
pro-cyclical policies
inflation
fiscal deficit
interest rate
stabilization
adjustment
topic full employment
economic growth
fiscal policy
monetary policy
pro-cyclical policies
inflation
fiscal deficit
interest rate
stabilization
adjustment
description 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.
publishDate 2011
dc.date.none.fl_str_mv 2011-09-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572011000300001
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572011000300001
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/S0101-31572011000300001
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Centro de Economia Política
publisher.none.fl_str_mv Centro de Economia Política
dc.source.none.fl_str_mv Brazilian Journal of Political Economy v.31 n.3 2011
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
instname_str EDITORA 34
instacron_str EDITORA_34
institution EDITORA_34
reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
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