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Over the last thirty years or so the developments in the area of monetary and macroeconomic policies have been quite substantial. Within the new consensus macroeconomics (NCM), monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of...
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Sehr schwaches Wirtschaftswachstum 1990. Allmähliche konjunkturelle Erholung 1991. Insgesamt zunächst weiter restriktive Wirtschaftspolitik. Kräftiger Preisanstieg. Verschlechterung der Lage auf dem Arbeitsmarkt. Sinkendes Defizit der Leistungsbilanz.
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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...
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