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...

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...

Lessons from the crisis -- Rethinking central banking / Gerald P. O'Driscoll Jr -- Sorting out monetary and fiscal policies / Mickey D. Levy -- Learning the right lessons from the financial crisis / Kevin Dowd and Martin Hutchinson -- The new monetary framework / Jerry L. Jordan -- Liquidity...