Re-Examining Monetary and Fiscal Policy for the 21st Century Philip Arestis

ISBN: 9781843765837

Published: May 17th 2005

Hardcover

210 pages


Description

Re-Examining Monetary and Fiscal Policy for the 21st Century  by  Philip Arestis

Re-Examining Monetary and Fiscal Policy for the 21st Century by Philip Arestis
May 17th 2005 | Hardcover | PDF, EPUB, FB2, DjVu, AUDIO, mp3, RTF | 210 pages | ISBN: 9781843765837 | 7.51 Mb

This book provides a much-needed re-examination of monetary and fiscal policies, their application in the real world and their potential for macroeconomic policy in the 21st century. It provides a detailed discussion and critique of the newMoreThis book provides a much-needed re-examination of monetary and fiscal policies, their application in the real world and their potential for macroeconomic policy in the 21st century.

It provides a detailed discussion and critique of the new consensus in macroeconomics along with the monetary and fiscal policies encapsulated within it. The authors argue that monetary policy is an ineffective means of controlling inflation and, if not used properly, can also have detrimental effects on the supply-side of the economy. They further contend that fiscal policy remains a potent instrument for influencing aggregate demand. Using detailed analysis the authors emphasise the role of capacity constraints as possible inflation barriers and argue against the NAIRU as a labour market phenomenon.

The book concludes by eritically examining the economic policies of the European Economic and Monetary Union. Written by two of the leading scholars in the field, this provocative new volume is concise, well argued and rich in new insights. It will interest all those concerned with the current problems and future development of monetary and fiscal policy.



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