000			01686nam a2200277 a 4500
008			020813s2004 enka b 001 0 eng d
020			_a1843765837 (hbk.)
020			_a9781843765837
040			_aCBNCAT
050			_aHG230.3 _b .A66 2004
082			_a339.5 _bARE
100	1		_aArestis, Philip
245	1	0	_aRe-examining monetary and fiscal policy for the 21st century /
260			_aCheltenham, UK : _b Edward Elgar, _c c2004
300			_aviii, 210 p. :
504			_aIncludes bibliographical references and index.
520			_aThis book provides a much-needed re-examination of monetary and fiscal policies, their application in the real world and their potential for macroeconomic policy in the 21st century. It provides a detailed discussion and critique of the 'new consensus' in macroeconomics along with the monetary and fiscal policies encapsulated within it. The authors argue that monetary policy is an ineffective means of controlling inflation and, if not used properly, can also have detrimental effects on the supply-side of the economy. They further contend that fiscal policy remains a potent instrument for influencing aggregate demand. Using detailed analysis the authors emphasise the role of capacity constraints as possible inflation barriers and argue against the NAIRU as a labour market phenomenon. The book concludes by critically examining the economic policies of the European Economic and Monetary Union.
590			_aoif 16/07/2014
591			_aLoans
650			_aMonetary policy.
650		0	_aFiscal policy.
650			_aInflation (Finance)
700			_aSawyer, Malcolm C.
942			_2ddc _cBOOK
949			_a339.5 ARE
999			_c1274 _d1274