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Books > Business & Economics > Economics > Macroeconomics > Monetary economics
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The New Monetary Policy - Implications and Relevance (Hardcover, illustrated edition)
Loot Price: R3,563
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The New Monetary Policy - Implications and Relevance (Hardcover, illustrated edition)
Expected to ship within 10 - 15 working days
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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
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 specific, or a range of,
inflation targets. Bringing together a distinguished cast of
international contributors, this book presents a collection of
papers, which discuss the following issues amongst others: * the
stability of the macroeconomic equilibrium * monetary policy
divergences in the Euro area * stock market prices * the US
post-'new economy' bubble * the information economy * inflation
targeting. This useful analysis of New Consensus Monetary Policy
will be of great interest to financial economists and international
monetary economists, as well as students and scholars of
macroeconomics and finance.
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