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Macroeconomics, Human Development, and Distribution


  • Stephanie Seguino


Policies designed to pursue an equity-led macroeconomic growth strategy must take into account feedback effects, with distribution itself influencing macroeconomic outcomes. Under the right conditions, a more equitable distribution of income and opportunities in the form of human development can be a stimulus to growth, funding further investments in human development. Developing the policies to create those conditions is the central challenge for any human development-centered macroeconomic framework. I review here some macro-level policies that achieve this goal, identifying a key role for fiscal policy to raise productivity and for monetary policy to expand employment, a central goal of any macro-inclusive strategy.

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  • Stephanie Seguino, 2012. "Macroeconomics, Human Development, and Distribution," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 13(1), pages 59-81, February.
  • Handle: RePEc:taf:jhudca:v:13:y:2012:i:1:p:59-81 DOI: 10.1080/19452829.2011.637376

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    References listed on IDEAS

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