Macroeconomic Policies: Can We Transfer Lessons Across LDCs?

Carlos Rodríguez

Chapter 15 in Advances in Macroeconomic Theory, 2001, pp 310-331 from Palgrave Macmillan

Abstract: Abstract Less-developed countries (LDCs) have provided the economics profession with a wide range of macroeconomic experiences. Many are experiences of failure, a few of success. It is my belief that useful lessons can be obtained from all those experiences. Contrary to the widely held belief that it is not possible to transfer to LDCs theories and policies designed for developed countries, I hold the position that there is only one body of economic theory and that the best policies apply to all patients and are, for most cases, the simplest: market rules, free trade and orthodox monetary and fiscal policy.

Keywords: Interest Rate; Monetary Policy; Central Bank; Real Exchange Rate; Risk Premium (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Macroeconomic Policies: Can We Transfer Lessons Across LDC's? (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-0-333-99275-3_15

Ordering information: This item can be ordered from
http://www.palgrave.com/9780333992753

DOI: 10.1057/9780333992753_15

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().