Macroeconomics for Development: Prognosis and Prospects

This book explores the macroeconomic aspects of economic development, the role of institutions, and the challenges experienced during the global COVID-19 pandemic, providing insights for scholars, students, and policymakers.

Format: Hardback
Length: 170 pages
Publication date: 10 January 2023
Publisher: Edward Elgar Publishing Ltd

This comprehensive and timely book delves into the profound impact of COVID-19 on economic development, offering a detailed examination of the macroeconomic aspects and the formulation of monetary policies in times of crisis. Authored by Raghbendra Jha, a renowned expert in the field, the book provides a comprehensive introduction to the subject, highlighting the interconnectedness between economic growth and macroeconomic stability. It also offers a snapshot of economic development, shedding light on the current state and challenges facing various economies.

In addition to exploring the measurement and limitations of the Human Development Index, the book also delves into the crucial role of institutions and the design of monetary policies. It considers the open economy aspects of economic development, particularly in the context of the global COVID-19 pandemic and its aftermath. The insightful overview of this evolving subject is of utmost importance for scholars, undergraduate and graduate students of economics, as well as economics scholars in general. Policymakers, both nationally and internationally, will find the discussions surrounding the design of monetary policies informative and enlightening.

The book is organized into five chapters, each covering a distinct aspect of the impact of COVID-19 on economic development. Chapter 1 provides an overview of the pandemic and its economic consequences, while Chapter 2 explores the role of monetary policies in responding to the crisis. Chapter 3 examines the impact of COVID-19 on different sectors of the economy, including employment, output, and inequality. Chapter 4 discusses the challenges and opportunities for economic development in the post-pandemic era, while Chapter 5 explores the long-term implications of COVID-19 on economic growth and stability.

Throughout the book, Jha employs a clear and accessible writing style, making complex economic concepts accessible to a wide audience. He incorporates real-world examples and case studies to illustrate the practical applications of economic theories and policies. The book also includes a comprehensive bibliography and an index, making it an invaluable resource for further research and study.

In conclusion, this timely book provides a comprehensive and insightful examination of the impact of COVID-19 on economic development. It is a valuable resource for scholars, students, and policymakers alike, offering valuable insights and perspectives on the challenges and opportunities facing economies in the post-pandemic era. By exploring the macroeconomic aspects and the design of monetary policies, the book contributes to our understanding of the complex dynamics of economic growth and stability.

Dimension: 244 x 169 (mm)
ISBN-13: 9781788977852