Rethinking macroeconomic policies for development
Autor(a) principal: | |
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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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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 |
_version_ |
1754122481040359424 |