Stability with Growth: Macroeconomics, Liberalization and Development

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RETHINKING MACROECONOMICS: WHAT FAILED, AND HOW TO REPAIR IT (2011, background): “For a more general discussion of the adverse effects of capital market liberalization see Ocampo and Stiglitz (2008) and Stiglitz et al. (2006). In ongoing research with Hamid Rashid, we have shown that financial market liberalization similarly may expose countries to more volatility, as a shock in ”
Macroeconomic Fluctuations, Inequality, and Human Development (2012, background): “Furthermore, there was no good argument for why, regardless of the source of the disturbance facing the economy, the best approach to adjustment should entail focusing on interest rates (rather than, say, exchange rates).36 (See Stiglitz et al., 2006.)”
Sustainable (2014, background): “…result of a shift of resources from less productive activities like subsistence agriculture to more productive ones like manufacturing; of investing in physical capital; and of introducing activities and technologies that were previously developed in more advanced economies (Stiglitz et al., 2006).”