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operate at the level of full employment without provoking unmanageable inflation. They also contend that budget deficits do …pt. I. Introduction -- pt. II. Functional finance : the background -- pt. III. Assessing the inflation barrier -- pt …
Persistent link: https://www.econbiz.de/10011852035
1. Opening remarks -- 2. Fiscal policies and sustainability of public finances in the European Union -- 3. Fiscal policy challenges, sustainability of public finances and EU accession : the case of Turkey -- 4. Monetary policy in the Euro area : lessons from five years of the ECB and then...
Persistent link: https://www.econbiz.de/10012420007
This book is a critical review of current fiscal and monetary policy in Europe and presents results of both empirical research and a discussion of the theoretical framework behind the policy of the European Central Bank and the Stability and Growth Pact. Macroeconomic policy is often hotly...
Persistent link: https://www.econbiz.de/10014474007
This book is an up-to-date, authoritative and comprehensive analysis of the key issues and challenges facing regional currency area projects in the context of financial globalization. The authors focus on several central issues that emerged during the experiences of the 1990s and 2000s: exchange...
Persistent link: https://www.econbiz.de/10011851024
. This timely set of studies looks at the turmoil in global financial markets, which coupled with volatile inflation poses … flows', 'What are the linkages between monetary stability and financial stability?' and 'Is inflation targeting or a fixed …
Persistent link: https://www.econbiz.de/10011851216
Nobel Prize winner James Tobin has made outstanding contributions to modern macroeconomics. In this final collection of his work he examines the economic policies of the United States and its relations with other major economies after 1990. In James Tobin's view, the welfare of populations...
Persistent link: https://www.econbiz.de/10011851797
There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few …
Persistent link: https://www.econbiz.de/10011851839
This book explores the origins, rationale, problems and prospects of the European fiscal policy framework. It provides the reader with a roadmap to EMU's budgetary framework by exploring its theoretical and empirical foundations, uncovering its historical roots and emphasising its supranational...
Persistent link: https://www.econbiz.de/10011852061
"This Companion is a comprehensive introduction to Modern Money Theory (MMT), covering a wide variety of topics from the nature and origins of money, to the fundamentals of government spending and taxation, to the application of MMT in developed and developing countries. Bringing together...
Persistent link: https://www.econbiz.de/10015072978
great inflation of the late 1960s and 1970s. It is the first detailed analysis, using Federal Reserve documents, of the … policy that led to this inflation. Thomas Mayer considers forecasting errors and wage and price controls in his attempt to … explain why the inflation occurred and places some of the blame on ineffective operating procedures, institutional …
Persistent link: https://www.econbiz.de/10014473850