Aspects of Modern Monetary and Macroeconomic Policies

  • Philip Arestis
  • Eckhard Hein
  • Edwin Le Heron

Table of contents

About this book


Within the New Consensus Macroeconomics, monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. This book raises problems relating to this new monetary and macroeconomic policy.


bank Deflation economic policy fiscal policy Inflation Keynes macroeconomics monetary policy Stagnation

Editors and affiliations

  • Philip Arestis
    • 1
  • Eckhard Hein
    • 2
    • 3
  • Edwin Le Heron
    • 4
    • 5
  1. 1.Cambridge Centre for Economic and Public PolicyUniversity of CambridgeUK
  2. 2.Macroeconomic Policy Institute (IMK)Hans Boeckler FoundationDuesseldorfGermany
  3. 3.Carl von Ossietzky University OldenburgGermany
  4. 4.‘Maître de Conférences’ in EconomicsSciences Po BordeauxFrance
  5. 5.SPIRIT (Science de Politique, Relations International et Territoire)France

Bibliographic information