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The consensus view on interest rates and fiscal policy: reality or innocent fraud?
Angeriz, Alvaro; Arestis, Philip - In: Journal of Post Keynesian Economics 31 (2009) 4, pp. 567-586
, in most cases, the inflation rate. Fiscal policy should not be used as an instrument of stabilization policy. This raises … conclusions emerge: the empirical results point to a relatively weak effect of interest rate changes on inflation. Also, monetary …
Persistent link: https://www.econbiz.de/10005048652
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A new paradigm for macroeconomic policy
Arestis, Philip; Sawyer, Malcolm - In: International Journal of Public Policy 7 (2011) 1/2/3, pp. 22-39
In this paper we advocate a way of approaching macroeconomic policy, which stands in contrast to the now discredited 'new consensus in macroeconomics' policy framework. The five pillars of our approach are: the need for budget deficits to support the level of aggregate demand; full consideration...
Persistent link: https://www.econbiz.de/10010817058
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Inflation Targeting: A Critical Appraisal
Arestis, Philip; Sawyer, Malcolm - EconWPA - 2003
Since the early 1990s, a number of countries have adopted Inflation Targeting (IT) in an effort to reduce inflation …
Persistent link: https://www.econbiz.de/10005561314
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New attitudes about inflation
Arestis, Philip; McCombie, John S. L.; Mosler, Warren - In: Challenge 49 (2006) 5, pp. 33-52
Persistent link: https://www.econbiz.de/10003376495
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The price puzzle : fact or artefact?
Arestis, Philip; Karoglou, Michail; Muratidēs, Kōstas - 2013
Persistent link: https://www.econbiz.de/10009767990
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Inflation targeting : a critical approach
Arestis, Philip - In: Ensayos económicos 68 (2013), pp. 7-21
Persistent link: https://www.econbiz.de/10011509012
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Is there a trade-off between inflation variability and output-gap variability in the EMU countries?
Arestis, Philip (contributor);  … - 2002
Persistent link: https://www.econbiz.de/10003207930
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Is there a trade-off between inflation variability and output-gap variability in the EMU countries?
Arestis, Philip; Muratidēs, Kōstas - In: Scottish journal of political economy : the journal of … 51 (2004) 5, pp. 691-706
Persistent link: https://www.econbiz.de/10002389025
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The new monetary policy : implications and relevance ; [conference in March 2004 at Downing College]
Arestis, Philip (ed.); Baddeley, Michelle (contributor);  … - 2005
Persistent link: https://www.econbiz.de/10002746482
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Is there a trade-off between inflation variability and output-gap variability in the EMU countries?
Arestis, Philip (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002024559