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Macroeconomic Policies and Long-Term Growth A Conceptual and Empirical Review

This paper reviews the theoretical and empirical aspects of the relationship between macroeconomic policies and the long-run rate of growth of GNP. The macroeconomic policies examined include fiscal policies, monetary and interest rate policies, external policies, and policies to reform the goods an...

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Bibliographic Details
Main Author: Villanueva, Delano
Other Authors: Khan, Mohsin
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1991
Series:IMF Working Papers
Subjects:
Interest Rates
Private Investment
Investment
Finance
Labour; Income Economics
Human Capital
Financial Services
Real Interest Rates
Skills
Trade: General
Exports And Imports
Intangible Capital
International Economics
International Lending And Debt Problems
Debts, External
External Debt
National Accounts
Labor
Labor Productivity
Saving And Investment
International Trade
Exports
Banks And Banking
Investments: General
Macroeconomics
Occupational Choice
Capacity
Interest Rates: Determination, Term Structure, And Effects
Capital
China, People's Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper reviews the theoretical and empirical aspects of the relationship between macroeconomic policies and the long-run rate of growth of GNP. The macroeconomic policies examined include fiscal policies, monetary and interest rate policies, external policies, and policies to reform the goods and labor markets, including adjustments of producer prices and wages. In general, the effects of these policies on growth operate directly or indirectly through their influence on investment in physical and human capital, and on factor productivity. The available empirical evidence confirms the effects of specific macroeconomic and financial policies on long-run growth
Physical Description:46 pages
ISBN:9781451844566

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