Name: new monetary policy: implications and relevance.
SKU: 3269758
Price: 195.50 USD
Availability: InStock
Author: p. arestis
ISBN: 9781843769545

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portada new monetary policy: implications and relevance.

new monetary policy: implications and relevance.

Formato

Libro Físico

Autor

p. arestis

Año

2005

N° páginas

253

ISBN

1843769549

ISBN13

9781843769545

new monetary policy: implications and relevance.

P. Arestis (Autor) · · Libro Físico

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Reseña del libro "new monetary policy: implications and relevance."

Recent developments in macroeconomic and monetary thinking have given a new impetus to the management of the economy. The use of monetary policy by way of manipulating the rate of interest to affect inflation is now well accepted by both academic economists and central bank practitioners. Beginning with an assessment of new thinking in macroeconomics and monetary theory, this book suggests that many countries have adopted the New Consensus Monetary Policy (NCMP) since the early 1990s in an attempt to reduce inflation to low levels. It goes on to illustrate that the explicit control of the money supply, which was fashionable in the 1970s and 1980s in the UK, US, Europe and elsewhere, was abandoned in favour of monetary rules that focus on interest rate manipulation by the central bank. The objective of these rules is to achieve a specific, or a range, of an inflation target.