Macroeconomics for Development

Prognosis and Prospects

Raghbendra Jha, Emeritus Professor of Economics, Arndt-Corden Department of Economics, Australian National University, Australia

Providing a broad overview of the impact of Covid-19 on economic development, this timely book examines closely the macroeconomic aspects of economic development and the design of monetary policies under extreme crises.

‘Clear, concise, and comprehensive in coverage! Macroeconomics for Development explains in accessible language the use of the tools of macroeconomics in stabilising output at full employment. The emphasis is on developing countries but the issues raised are relevant to all nations.’
– Satish Chand, University of New South Wales, Australia

‘Professor Raghbendra Jha is an eminent macroeconomist. In my opinion, this is perhaps the only book which blends a complete mastery over macroeconomic theory with a profound understanding of policies in the context of developing economies. The author’s own outstanding contributions to a wide range of topics are combined with a deep understanding of how macroeconomic theory must be adapted to enhance human well-being. The book sets high standards of analytical rigour with admirably lucid exposition of complex topics and concepts. Graduate students, researchers and policy makers will benefit immensely from a careful reading of this outstanding book.’
– Raghav Gaiha, University of Pennsylvania, US