This book examines recent developments in macroeconomics and debates whether there is a new consensus evolving
PHILIP ARESTIS is University Director of Research, Cambridge Centre for Economic and Public Policy, University of Cambridge, Senior Research Fellow, Wolfson College Cambridge and Professor of Economics at the Levy Economics Institute.
List of Tables
p. vi
List of Figures
p. vii
Introduction
p. 1
What is the New Consensus in Macroeconomics?
p. 22
Are There Dangers in the Microfoundations Consensus?
p. 43
The Future of Central Banking
p. 61
The Foundations of Monetary Policy in the New Consensus Framework: A Partial Critique
p. 82
The New Consensus in Monetary Policy: Is the NKM Fit for the Purpose of Inflation Targeting?
p. 97
New Consensus and Monetary Policy Delegation
p. 128
The New Consensus and the UK Macroeconomic Policy Framework
p. 148
Is There a New Consensus in Monetary Policy?
p. 167
On Two Aspects of the Fed's Monetary Policy
p. 186
The Performance of the ECB
p. 207
Index
p. 224
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