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The New Monetary Policy: Implications and Relevance.


The new monetary policy; implications and relevance.

Ed. by Philip Arestis et al.

Edward Elgar Publishing


253 pages




With the new ideas about macroeconomics and monetary theory in mind, the contributors of these 14 articles describe how many countries have adopted the New Consensus Monetary Policy since the 1990s to control inflation, primarily from the central bank. Their topics include an appraisal of the policy, central bank behavior and macroeconomic equilibrium, the early record of the European Central Bank, the stock market, the control of asset prices in the US, old problems and new challenges with monetary policy in the information economy, public debt and its impact on policies related to the outcome curve, uncertainty in UK monetary policy, inflation targeting since 1993, the record of the Bank of Canada, saving and financial liberalization in developing countries, monetary models and inflation targeting in emerging market economies, and international aspects of current monetary policy.

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Publication:Reference & Research Book News
Article Type:Book Review
Date:May 1, 2006
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