PART ONE. DEVELOPMENT AND GROWTH. -- Patterns of development -- Measuring economic growth and development -- Economic growth: concepts and patterns -- Theories of economic growth -- States and markets -- PART TWO. DISTRIBUTION AND HUMAN RESOURCES. -- Inequality and poverty -- Population --...

This paper develops a small analytical model to explore the relationship between the dynamics of macroeconomic adjustment and the timing of the implementation of an adjustment program featuring a nominal devaluation. The effects of postponing adjustment depend on the source of the original...

This paper develops our analytical model to explore the relationship between the dynamics of macroeconomic adjustment and the timing of the implementation of an adjustment program featuring an official devaluation. The effects of postponing adjustment depend on the source of the original shock,...