Income Distribution, Inflation, and Growth PDF
By:Lance Taylor
Published on 1991 by MIT Press
Structuralist macroeconomics has emerged recently as the only viable theoretical alternative for economists and practitioners in developing countries. Lance Taylor's innovative work represents a landmark in this field. It codifies a new generation of structuralist macroeconomic models that incorporate the economic power relationships of key institutions and groups, integrates both finance and real macroeconomics, and covers a diverse range of experience in the developing world over the past three decades.In an introduction Taylor explains his methodology, describes assumptions underlying the models used, and reviews theories that relate economic growth and the role of financial assets. He then takes up basic structuralist models of a closed economy and moves on to consider the open economy cases. He incorporates the latest developments in the field (inflation, financial crisis, exchange rate management, increasing returns, and the like) in a treatment that departs substantially from economic orthodoxy.Taylor first addresses the question of how to specify.closure| or define the causal structure of macro models. He also considers how income redistribution influences growth and output and how income redistribution interacts with inflation. Next, an investment-driven non-full employment growth model draws on ideas introduced earlier to illustrate how different sorts of macroeconomic policies affect short-run adjustment and growth prospects over time. Taylor then turns to the problems proposed by economic openness in a stylized semi-industrialized country, starting with international trade. A fix-price/flex-price model is developed, and additional models demonstrate cases of policy relevance as well as interactions between class conflict and growth.Lance Taylor is Professor of Economics at MIT.
This Book was ranked at 25 by Google Books for keyword International Foreign Exchange novel.
Book ID of Income Distribution, Inflation, and Growth's Books is rMM4O4iXv5kC, Book which was written byLance Taylorhave ETAG "sJ0YpOSWwEs"
Book which was published by MIT Press since 1991 have ISBNs, ISBN 13 Code is 9780262700450 and ISBN 10 Code is 026270045X
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