Publisher's Synopsis
This textbook provides an introduction to the subjects of macro-economic management and stabilization policy which have become increasingly important for developing countries in recent years. There are significant structural, institutional and behavioural differences between developed and developing economies.;The authors have combined elements of standard macro-economic theory and the findings of empirical research to offer a macro-economic framework which is used to examine problems like inflation, unemployment and balance of payments fluctuations. They also include an evaluation of the use of stabilization policies which are particularly relevant to developing countries.
