Is there a new consensus in macroeconomics? / edited by Philip Arestis.

Format:

Book

Contributor:

Arestis, Philip, 1941-

Language:

English

Subjects (All):

Macroeconomics.

Monetary policy.

Physical Description:

vii, 231 pages : illustrations ; 23 cm

Place of Publication:

Basingstoke [England] ; New York : Palgrave Macmillan, 2007.

Summary:

This book aims at addressing the emergence of a 'new consensus in macroeconomics' (NCM), following the end of the 'old consensus' and the 'golden age' period of the late 1960s and early 1970s, and the spur of the 'schools of thought' controversies thereafter. The book deals not only with the question of whether a consensus has actually emerged, but also elaborates on the many aspects of this new consensus that exercised macroeconomics over the recent past.

Contents:

2 What is the New Consensus in Macroeconomics? / Philip Arestis 22

3 Are There Dangers in the Microfoundations Consensus? / Simon Wren-Lewis 43

4 The Future of Central Banking / C.A.E. Goodhart 61

5 The Foundations of Monetary Policy in the New Consensus Framework: A Partial Critique / Malcolm Sawyer 82

6 The New Consensus in Monetary Policy: Is the NKM Fit for the Purpose of Inflation Targeting? / Peter N. Smith, Mike Wickens 97

7 New Consensus and Monetary Policy Delegation / Georgios E. Chortareas 128

8 The New Consensus and the UK Macroeconomic Policy Framework / Andrew Gurney 148

9 Is There a New Consensus in Monetary Policy? / Charles Bean 167

10 On Two Aspects of the Fed's Monetary Policy / William Poole 186

11 The Performance of the ECB / Michael Artis 207.

Notes:

Includes bibliographical references and index.

ISBN:

023001903X

9780230019034

OCLC:

77333678