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About this product
- DescriptionThis book provides a much-needed re-examination of monetary and fiscal policies, their application in the real world and their potential for macroecomic policy in the 21st century. It provides a detailed discussion and critique of the 'new consensus' in macroecomics 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 t used properly, can also have detrimental effects on the supply-side of the ecomy. 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 phemen. The book concludes by critically examining the ecomic policies of the European Ecomic 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.
- Author BiographyPhilip Arestis, University Director of Research, Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge and Fellow, Wolfson College, UK and Malcolm Sawyer, Professor of Economics, University of Leeds, UK and Senior Scholar, Levy Economics Institute, US
- Author(s)Malcolm C. Sawyer,Philip Arestis
- PublisherEdward Elgar Publishing Ltd
- Date of Publication27/10/2004
- SubjectEconomics: Professional & General
- Place of PublicationCheltenham
- Country of PublicationUnited Kingdom
- ImprintEdward Elgar Publishing Ltd
- Content Notefigures, tables, references & name index
- Width234 mm
- Height156 mm
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