Institutions of Macroeconomic Management
History, Theory, and Practice - Working Paper #28
This paper demonstrates that institutions matter for the macro-economy a great deal, and therefore that we need to explicitly incorporate institutional factors in macroeconomic theory. It draws extensively on the history of the development of institutions of macroeconomic management in today's developed countries while Chang's ultimate interest is the role of institutions in the macroeconomic management in developing countries.
About the Author
Cambridge Advanced Programme on Rethinking Development Economics (CAPORDE)
Ha-Joon Chang is Course Director for the Cambridge Advanced Programme on Rethinking Development Economics (CAPORDE), and is a Professor of Economics at the University of Cambridge. He has taught at the Institute of Developing Economics Advanced School, the Korea Development Institute School of International Development and Management, and Korea University. Dr. Chang has served as a consultant to the World Bank, the Asian Development Bank, the European Investment Bank, UN organizations, national financial organizations, private sector organizations and NGOs.