Advances in Monetary Policy and Macroeconomics

This book presents the key aspects of the new developements in monetary economics and macroeconomics.

PHILIP ARESTIS is University Director of Research, Cambridge Centre for Economic and Public Policy, University of Cambridge, Senior Research Fellow, Wolfson College Cambridge, UK, and Professor of Economics at the Levy Economics Institute, New York City, USA. His publications include Introducing Macroeconomic Modelling: An Econometric Study of the United Kingdom, Money, Pricing Distribution and Economic Integration, What Global Economic Crisis?, The Post-Bubble USA Economy, Financial Liberalization and Financial Developments in National and International Markets. He has been editor and joint editor, and has served on the editorial board of a number of journals.

GENNARO ZEZZA is Professor of Economics at the University of Cassino, Italy.

Introduction--P.Arestis & G.Zezza * PART 1: NEW MONETARY POLICY * New Monetary Policy: What Is It?--P.Arestis * Assessing the New Keynesian Phillips Curves under Competing Expectation Hypothesis--O.Musy & S.Pommier * A Monetary Rule Considering Options--C.Oldani * Credit Cycle with Credit Derivatives Market--S.Vanocore * Confidence, Monetary Policy and Macroeconomic Performances--D.Torre, E.Tosi, M.Dal & P.Legrand * PART 2: MONEY, CREDIT AND THE BUSINESS CYCLE * On the Minskian Business Cycle--K.Erkurt * Hyman Minsky's Financial Instability Hypothesis: To what Extent Would Keynes have Agreed?--E.De Antoni * PART 3: ISSUE FOR OPEN AND SPECIAL MACROECONOMIES * Monetary Shocks and Real Exchange Rate Dynamics--D.Federici & S.Santoro * Open Economy Macro, the World Bank and the Doha Debate--L.Taylor & R.Arnim * Macroeconomic Risk Evaluation of International Reserves in Venezuela--C.Pagliacci & E.Ochoa * Fiscal Policy Rules and Stabilization in EMU Economies--J.Uxò & M.J.Arroya * Technology, Capital Flows and the Balance of Payments Constraint--M.Curado & G.Porcile * Towards a Spatial Keynesian Macroeconomics--J.Juniper & B.Mitchell Introduction--P.Arestis & G.Zezza * PART 1: NEW MONETARY POLICY * New Monetary Policy: What Is It?--P.Arestis * Assessing the New Keynesian Phillips Curves under Competing Expectation Hypothesis--O.Musy & S.Pommier * A Monetary Rule Considering Options--C.Oldani * Credit Cycle with Credit Derivatives Market--S.Vanocore * Confidence, Monetary Policy and Macroeconomic Performances--D.Torre, E.Tosi, M.Dal & P.Legrand * PART 2: MONEY, CREDIT AND THE BUSINESS CYCLE * On the Minskian Business Cycle--K.Erkurt * Hyman Minsky's Financial Instability Hypothesis: To what Extent Would Keynes have Agreed?--E.De Antoni * PART 3: ISSUE FOR OPEN AND SPECIAL MACROECONOMIES * Monetary Shocks and Real Exchange Rate Dynamics--D.Federici & S.Santoro * Open Economy Macro, the World Bank and the Doha Debate--L.Taylor & R.Arnim * Macroeconomic Risk Evaluation of International Reserves in Venezuela--C.Pagliacci & E.Ochoa * Fiscal Policy Rules and Stabilization in EMU Economies--J.Uxò & M.J.Arroya * Technology, Capital Flows and the Balance of Payments Constraint--M.Curado & G.Porcile * Towards a Spatial Keynesian Macroeconomics--J.Juniper & B.Mitchell