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Aspects of Modern Monetary and Macroeconomic Policies - Philip Arestis
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Aspects of Modern Monetary and Macroeconomic Policies

By: Philip Arestis (Editor), Eckhard Hein (Editor), Edwin Le Heron (Editor)

Hardcover | 15 June 2007 | Edition Number 1

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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.
Industry Reviews

'...this book provides a good overview of the varieties of ongoing research in heterodox economics. It can thus deliver some fresh ideas beyond the NCM and help to overcome the uncritical approach to the assumptions of standard economic theory.' - Jan-Oliver Menz, INTERVENTION - European Journal of Economics and Economic Policies

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