There have been important advances in monetary economics and
macroeconomics recently. In macroeconomics there has been the
paramount development of the New Consensus Macroeconomics along
with significant policy implications, thereby giving rise to the
notion of New Monetary Policy. This book deals with the key aspects
of these developments and further ones such as money, credit and
the business cycle. Adding to the analysis are developments that
focus on issues for open and spatial macroeconomics.
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