Macroeconomics for Development

Reviews / Votes

'Jha has written the ultimate book for the student, teacher or researcher working on the theory and practice of macroeconomics in developing countries. While it is a comprehensive book, covering almost every important topic in macro decision-making one can think of, it is written in an easily-accessible manner for both students not fully familiar with the subject and researchers actively working in this area. The range of topics covered is very wide - fiscal policy, financial inclusion and financial institutions, the unique aspects of monetary theory as applied to low and middle-income countries, as well as the foundations of stochastic general equilibrium macro models. There's even a chapter on the economic effects of the COVID-19 pandemic on the economies of developing countries! In his usual style, Jha covers all the important points one needs to know in a particular topic - the theory underlying the topic, the historical context and the evolution of the literature in that area, any empirical debates or controversies, and the implications for public policies. Jha's book is a tour de force in the field of macro-development - a must-read book that should be on any graduate development economic course syllabus!' -- Anil Deolalikar, University of California Riverside, US '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 policymakers will benefit immensely from a careful reading of this outstanding book.' -- Raghav Gaiha, University of Pennsylvania, US '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