From the Publisher
"Development Macroeconomics continues to set the standard for graduate textbooks in the field. In this hugely impressive new edition, Pierre-Richard Agénor and Peter Montiel bring their already superb text bang up to date, introducing new insights and techniques to economists wanting to understand the macroeconomics of developing countries in the post-crisis global economy. It will go straight to the top of my reading list."—Christopher Adam, University of Oxford"This updated and extended edition of Agénor and Montiel's excellent book includes in-depth analyses of pertinent issues put to the fore by the global financial crisis, and of the policy dilemmas arising from the growing exposure to external real and financial shocks associated with globalization. Development Macroeconomics remains the essential reference for scholars, graduate students, and practitioners interested in the macroeconomic challenges that developing countries continue to face."—Joshua Aizenman, University of Southern California"Simply the best macroeconomic textbook for developing economies on the market today."—Olivier Blanchard, International Monetary Fund"Macroeconomics is not just for macroeconomists. Crisis avoidance, low volatility, and price stability are essential for poverty reduction. Agénor and Montiel's new edition of Development Macroeconomics is a must-reference for development economists and practitioners the world over."—Nora Lustig, Tulane University"This continues to be the best treatise on macroeconomic theory and policy in emerging countries. It is profound and comprehensive. It looks at historical experiences with great care and extracts useful lessons for the future. This is a must-read for anyone interested in the economics of the future."—Sebastian Edwards, University of California, Los Angeles
