Before Memmo my notes were scattered across PDFs. Now a workspace pulls everything into one place — I see exactly what's still left to study.
This book focuses on conceptualizing the process of economic adjustment and growth, and testing it with empirical methods. The critical components of a successful economic growth strategy include physical, financial, and educational infrastructures supported by macro-financial stabilization policies and structural reforms. With this in mind, the authors begin with a review of the neoclassical growth model, before delving into more specialized topics such as endogenous growth, adaptive inflationary expectations, learning by doing, optimal saving, and sustainable foreign debt. The final chapter presents Philippines as a case study, and narrates the evolution of a successful strategy of adjustment and growth practiced by an emerging market economy that had shown stellar pre-pandemic growth performance, low and stable inflation, and a sustainable external current account position.
Contents:
Readership: Researchers, faculty, instructors, graduate and undergraduate students in economics and finance. Policymakers, government officials, advisory councils and institutions.
'This book demonstrates how growth theory, supported by careful empirical analysis, provides a useful framework to guide practical policy. Drawing upon the expertise of a former official of the International Monetary Fund, a distinguished econometrician, and a former Deputy Governor of a Central Bank, the authors illustrate, for example, how monetary policy and fiscal policy have transitory and permanent growth effects on the economy. The value of combining theory and practice to yield helpful insights is illustrated with a case study of an emerging economy that the authors have an intimate knowledge of.' - Hoon Hian TeckDean, School of Economics, Singapore Management UniversityNominated Member of Parliament, Singapore
'This wide-ranging and rich collection of analytical papers on long-run economic growth offers a valuable original overview of several diverse aspects of modern growth economics, including monetary, financial, and fiscal influences and also the effects of labor force participation and capital accumulation as well as external trade and debt on long-run growth. An especially welcome attention is devoted to the interplay between economic adjustment strategies and growth, culminating in an instructive case study of the Philippines.' - Thorvaldur GylfasonProfessor Emeritus of Economics, University of Iceland
'Simple mathematical models of macroeconomic growth often neglect key influences while complex models often drown in detail. The authors of these collected papers strike a masterful balance. They patiently correct the shortcomings of simple models without losing sight of core policy issues. Their findings favor market-friendly, pro-investment policies. A closing chapter presents the Philippines as a test case.' - Kent OsbandFormer Senior Emerging Markets Economist, Goldman Sachs and Credit Suisse
'This is an excellent publication. Policy makers, teachers and students of Economics will all find this book to be very useful.' - Anupam BasuSenior Associate, Centennial Group
Key Features:
Before Memmo my notes were scattered across PDFs. Now a workspace pulls everything into one place — I see exactly what's still left to study.
Memmo's summaries are gold before exams. I don't have to re-read 800 pages two weeks before — just the important parts.
The AI chat has saved me the night before an exam more than once. I just keep asking until I get it — no waiting on a study group to reply.
The quizzes hit exactly what I need to know. Memmo tracks what I get stuck on — so I only practice what's worth it.
Flashcards with spaced repetition are magic. Memmo knows when I'm about to forget something and brings it back.
The AI podcasts are my favorite. I listen on my way to school and get a recap without sitting at a computer.
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