By Philip Arestis, Malcolm Sawyer (editors)
ISBN-10: 023029877X
ISBN-13: 9780230298774
This quantity bargains with either a brand new theoretical framework and the appliance of latest economics in a couple of concerns that try out the aptitude of recent economics to take on a few fiscal problems. It deals precise research and trained touch upon the kind of new economics within the aftermath of the monetary difficulty and the '"great recession."
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Additional resources for New Economics as Mainstream Economics (International Papers in Political Economy Series)
Sample text
2007a) ‘Monetary Policy in the UK’, Cambridge Journal of Economics, 31(6), pp. 863–84. Angeriz, A. and Arestis, P. (2007b) ‘Assessing the Performance of Inflation Targeting Lite Countries’, World Economy, 30(11), pp. 1–25. Angeriz, A. and Arestis, P. (2008) ‘Assessing Inflation Targeting Through Intervention Analysis’, Oxford Economic Papers, 60(2), pp. 293–317. Angeriz, A. and Arestis, P. ’, Journal of Post Keynesian Economics, 31(4), pp. 567–86. Arestis, P. (1986) ‘Wages and Prices in the UK: The Post Keynesian View’, Journal of Post Keynesian Economics, 8(3), 339–58.
2). The argument here is made more relevant by Goodhart (2007), who in fact suggests that [i]n so far, therefore, as the central bank has a prime concern for systemic financial stability, it should want to promote a program of counter-cyclical prudential regulations, where these latter become restrictive during asset price bubbles and relax during asset price downturns. Unfortunately the system of financial regulation is developing in a manner, which will have exactly the reverse proclivity. Under the Basel II accord for financial regulation, this will become more pro-cyclical.
Basingstoke: Palgrave Macmillan, pp. 61–81. Greenspan, A. (2002) ‘Opening Remarks’, in Rethinking Stabilization Policy, Kansas: Federal Reserve Bank of Kansas City, pp. 1–10. Hein, E. and Stockhammer, E (2007) ‘Macroeconomic Policy Mix, Employment and Inflation in a Post-Keynesian Alternative to the New Consensus Model’, mimeo. IMF (2009) World Economic Outlook, October. Washington, DC: International Monetary Fund. IMF (2010) ‘Central Banking Lessons from the Crisis’, Monetary and Capital Markets Department, 27 May.
New Economics as Mainstream Economics (International Papers in Political Economy Series) by Philip Arestis, Malcolm Sawyer (editors)
by Mark
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