Socially Relevant Policy Analysis: Structuralist Computable General Equilibrium Models for the Developing World

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Summary: Innovative approach to analyzing economies in crisis
Review: This book introduces a methodology for considering the totality of macro-economic variables that can adjust when an exchange rate devaluates, capital flight occurs, a government holds a persistent budget deficit--or the IMF enforces its elimination. The power of this approach is the ability to lay out the variables without predetermining how they will interact. That is the kind of tool that helps policy-makers think about problems as they break, before books have been written on how to correct them. Furthermore, while this approach is mathematically formal, the mathematics are designed to assist, rather than mystify. This means that social scientists (with a little concentration) can use this book as well as the more mathematically inclined.

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Summary: Real-world macroeconomics
Review: This is real-world macroeconomics. The kind you need to work with planning and policy instead of playing games to pass exams. The aim is to answer practical questions and the approach is flexible enough to let one incorporate idiosyncrasies of real economies.