publication . Preprint . 2005


Colin I. BRADFORD, Jr.;
Open Access
  • Published: 01 Jan 2005
This paper spells out a logic for increasing macroeconomic policy space in order to prioritize the goals of growth, employment creation and poverty reduction. First, there is the need to create additional policy instruments so that a greater number of policy goals can be addressed. Frequently, real economy goals get partly crowded out by financial objectives because there are too few instruments for too many goals. Second, the calibrated use of policy tools by degrees of commitment, deployment and assignment can create space for different policy-mixes. Selective capital controls, intermediate exchange rate regimes, and some monetary policy autonomy create the po...
28 references, page 1 of 2

Agenor PR and Montiel PJ (1996). Development Macroeconomics. Chapter 8, “An Overview of Stabilization Programs”, Princeton, Princeton University Press: 265–297.

Bradford Jr. CI (1994). From Trade-Driven Growth to GrowthDriven Trade: Reappraising the East Asian Development Experience. Paris, Organization for Economic Cooperation and Development. This essay is an overview of the East Asian development debate over the previous fifteen years. It also appeared as “The East Asian Development Experience” in: Grilli E and Salvator D, eds. (1994), Economic Development: Handbook of Comparative Economic Policies, Vol. 4. London, Greenwood Press.

Bradford Jr. CI (1999). “Exchange Rate-Determined Stabilization Policy or Fiscal Policy-Based Exchange Rate Policy? “ Comment on a survey paper by Montiel PJ on exchange rate management. In: de Brun J and Luders R, eds. (1999), Macroeconomic Policy and the Exchange Rate. San Francisco, International Center for Economic Growth.

Bradford Jr. CI (2004). Beyond the Washington Consensus: Where from Here? Policy Papers on the Americas, Vol. XV, Study 4, Washington, DC, Center for Strategic and International Studies, CSIS Americas Program, May.

Bradford Jr. CI and Chakwin N (1993). “Alternative Explanations of the Trade-Output Correlation in the East Asian Economies”. Technical Paper No. 87. Paris, OECD Development Centre, August.

Branson WH (1995). “Macroeconomic Policy”. In: Jayarajah C and Branson W, Structural and Sectoral Adjustment. Washington, DC, World Bank, Operations Evaluation Division.

Bryant RC (2003). Turbulent Waters: Cross-Border Finance and International Governance. Washington, DC, Brookings Institution Press.

Chang R and Velasco A (2000). “Exchange Rate Policy For Developing Countries”. American Economic Review: Papers and Proceedings, Vol. 90, No. 2, May.

Corrales J (1997). “Why Argentines Followed Cavallo: A Technopol between Democracy and Economic Reform”. In: Dominguez J ed. (1997), Technopols: Freeing Politics and Markets in Latin America in the 1990s. Pennsylvania, University Park, The Pennsylvania State University Press.

Correa R (2000). “Reformas Estructurales y Crecimiento en America Latina: Un Analisis de Sensibilidad”. ECLAC Review, No. 76: 87–104, April.

Dominguez J (1997). “Technopols: Ideas and Leaders in Freeing Politics and Markets in Latin America in the 1990s”. In: Dominguez J ed. (1997), Technopols: Freeing Politics and Markets in Latin America in the 1990s. Pennsylvania, University Park, The Pennsylvania State University Press.

Dornbusch R (2001). “Fewer Monies, Better Monies”. American Economic Review: Papers and Proceedings, Vol. 91, No. 2: 238–242, May.

Dornbusch R and Edwards S, eds. (1991). The Macroeconomics of Populism. Chicago, The University of Chicago Press and the National Bureau of Economic Research (NBER).

Edison HJ, Klein M, Ricci L, and Slok T (2002). “Capital Account Liberalization and Economic Performance: Survey and Synthesis”. IMF Working Paper WP/02/120. Washington, DC, International Monetary Fund, July. [OpenAIRE]

Fischer S (2001). “Exchange Rate Regimes: Is the Bipolar View Correct?” Journal of Economic Perspectives, Vol. 15, No. 2: 3–24, Spring.

28 references, page 1 of 2
Powered by OpenAIRE Open Research Graph
Any information missing or wrong?Report an Issue