Aspects Of Modern Monetary And Macroeconomic Policies

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Arestis,Philip, Hein, Eckhard, Le,Edwin

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ISBN:9780230007932
Editorial: Palgrave
Fecha de la edición:2007
Encuadernación:Tapa dura
Dimensiones: 14 cm x 22 cm
Nº Pág.:296
Idiomas:Ingles,Inglés

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/ Política Económica

Over the last thirty years or so the developments in the area of monetary and macroeconomic policies have been quite substantial. Within the new consensus macroeconomics (NCM), monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. There are a number of problems relating to this new monetary and macroeconomic policy approach which are raised in this book.

List of Tables and Figures
Notes on the Contributors
Introduction; Philip Arestis, Eckhard Hein & Edwin Le Heron
Does Inflation Targeting Increase the Deflationary Bias in the World Economy?; Basil Moore
What is Endogenous when Monetary Policy is Transparent?; Peter Howells
Monetary Policy Formation at The Long-Term Margin: A Kahn-Tobin Framework; Theodore T. Koutsobinas
Bank Lending and Regulation in Insider Financial Systems: A Theoretical Assessment; Elisabeth Springler
Monetary and Budgetary-Fiscal Policy Interactions in a Keynesian Context: Revisiting Macroeconomic Governance; Angel Asensio
Monetary Policy from a Circuitist Perspective; Claude Gnos
A Policy-Game Framework for the Dollar-Euro Exchange Rate; Philip Arestis & Elias Karakitsos
The New Governance in Monetary Policy: A Critical Appraisal of the Fed and the ECB; Edwin Le Heron
AS-AD Disequilibrium Dynamics and the Taylor Interest Rate Policy Rule: Euro-Area Based Estimation and Simulation; Peter Flaschel & Christian R.Proaño
How The Maastricht Regime Fosters Divergence as well as Instability; Jörg Bibow
Germany's Post-2000 Stagnation in the European Context - A Lesson in Macroeconomic Mismanagement; Eckhard Hein & Achim Truger
Macroeconomic Policy in the UK under New Labour: The End of Boom and Bust?; Philip Arestis & Malcolm Sawyer
Index