About this ebook
International Monetary Fund (IMF) thrusted upon New Economic Policy in India, which aims at leaving the allocation of resources entirely to the market forces deriving its rationale from neoclassical macroeconomics. This neoclassical macroeconomics is dealt with in a proper perspective in the book. Part I presents the basic models of open economy macroeconomics, and Part II applies them to explain India’s recent macroeconomic performance.
The book also assesses India’s current fiscal policy, monetary policy and the policy of forcible land acquisition for promotion of modern industry.
The book is designed as a reference for the undergraduate and postgraduate students of Economics
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About the author
GHOSH, CHANDANA
CHANDANA GHOSH, Ph.D., is Assistant Professor at the Economic Research Unit, Indian Statistical Institute, Kolkata
GHOSH, AMBAR
AMBAR GHOSH, Ph.D., is Professor in the Economics Department of Jadavpur University, Kolkata. Formerly, he was Professor and Head of the Economics Department in both Presidency College and Presidency University, Kolkata. Besides, he has taught in many other institutions such as University of Calcutta, Indian Institute of Management Calcutta, as guest faculty.
They have also jointly written books on Keynesian Macroeconomics beyond the IS-LM Model and An Introduction to Economics: Economic Theory and Society.
