Beginning with an assessment of new thinking in macroeconomics and monetary theory, this book suggests that many … countries have adopted the New Consensus Monetary Policy since the early 1990s in an attempt to reduce inflation to low levels … the central bank. The objective of these rules is to achieve specific, or a range of, inflation targets …

policy -- 3. The macroeconometric model of the Bank of England -- 4. Can monetary policy affect inflation or the real economy …