Providing a broad overview of the impact of COVID-19 on economic
development, this timely book closely examines the macroeconomic
aspects of economic development and the design of monetary policies
including under extreme crises. Raghbendra Jha expertly introduces
the subject, highlighting the links between economic growth and
macroeconomic stability and illustrates a snapshot of economic
development. Thoughtful discussions on measurements and limitations
of the Human Development Index as well as the role of institutions
and the design for monetary policy are also thoroughly reviewed.
Furthermore, the book considers the open economy aspects of
economic development and the challenges experienced following the
global COVID-19 pandemic and beyond. The insightful overview of
this evolving subject will be crucial reading for scholars
interested in economic development, undergraduate and graduate
students of economics, as well as economics scholars more broadly.
Policymakers, both nationally and internationally, will find the
discussions surrounding the design of monetary policies informative
and illuminating.
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