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Introduction

In: Aspects of Modern Monetary and Macroeconomic Policies

Author

Listed:
  • Philip Arestis
  • Eckhard Hein
  • Edwin Heron

Abstract

Over the last 30 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 aspects relating to this new monetary and macroeconomic policy approach. It is the intention of this edited book to focus on some of these developments, as we try to show in this introduction.

Suggested Citation

  • Philip Arestis & Eckhard Hein & Edwin Heron, 2007. "Introduction," Palgrave Macmillan Books, in: Philip Arestis & Eckhard Hein & Edwin Heron (ed.), Aspects of Modern Monetary and Macroeconomic Policies, chapter 1, pages 1-6, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-62734-5_1
    DOI: 10.1057/9780230627345_1
    as

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