Read more
This book examines the relevance of the concepts and hypotheses of macroeconomics in the contemporary world. It discusses the current debates on theory and practices of macroeconomic policies with a focus on developing economies emerging from the impact of Covid 19 pandemic.
List of contents
1. The Starters 2. Development Strategy: The Fountainhead of Macroeconomic Policies 3. Fiscal Policy: No Longer the Big Brother 4. Monetary Policy: The Black Box of Complexities 5. Exchange Rate and Openness: The World is One! 6. Financial Stability: A Belated Recognition of the 'Core' 7. The Desserts
About the author
A Vasudevan is an economist who has occupied various senior advisory positions in central banks in India and abroad. He had a long stint in the RBI and retired as an Executive Director of the RBI in 2000. During 2006-2012, he was associated with the Central Bank of Nigeria in Senior Advisory capacities. He was Visiting Professor (UGC) at Gokhale Institute of Politics & Economics, Pune, in 2004. He served as a member of the two Technical Advisory Committees on Monetary Policy and on the History of the Reserve Bank of India. His recent publications include
Central Banking for Emerging Market Economies (2nd edition 2013) and
Monetary Governance (2010).
Partha Ray is Director of National Institute of Bank Management, Pune, India. From 2012 - 2021, he was Professor of Economics at the Indian Institute of Management, Calcutta. He served as an Adviser to the Executive Director (India) at the IMF, Washington DC, during 2007-2011. He worked in the specialist cadre of Economists in RBI's Economic Research Department from 1989-2006 in various capacities. He has written extensively on monetary policy, banking and finance issues. His recent publications include
Law of One Price (with Vinodh Madhavan, 2023),
Financial and Fiscal Policies: Crises and New Reality (jointly with Y. V. Reddy and Narayan Valluri, 2015), and
Monetary Policy (2013).
Summary
This book examines the relevance of the concepts and hypotheses of macroeconomics in the contemporary world. It discusses the current debates on theory and practices of macroeconomic policies with a focus on developing economies emerging from the impact of Covid 19 pandemic.
