{"product_id":"9781843769545-new-monetary-policy","title":"The New Monetary Policy","description":"\u003cmeta content=\"text\/html; charset=utf-8\" http-equiv=\"Content-Type\"\u003e\u003cp\u003e\u003cspan\u003eImplications and Relevance\u003cbr\u003eBeginning 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.\u003cbr\u003eRecent developments in macroeconomic and monetary thinking have given a new impetus to the management of the economy. The use of monetary policy by way of manipulating the rate of interest to affect inflation is now well accepted by both academic economists and central bank practitioners. 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. It goes on to illustrate that the explicit control of the money supply, which was fashionable in the 1970s and 1980s in the UK, US, Europe and elsewhere, was abandoned in favour of monetary rules that focus on interest rate manipulation by the central bank. The objective of these rules is to achieve specific, or a range of, inflation targets. \u003cp\u003eBringing together a distinguished cast of international contributors, this book presents a collection of papers, which discuss the following issues amongst others:\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003ethe stability of the macroeconomic equilibrium\u003c\/li\u003e\n\u003cli\u003emonetary policy divergences in the Euro area\u003c\/li\u003e\n\u003cli\u003estock market prices\u003c\/li\u003e\n\u003cli\u003ethe US post-'new economy' bubble\u003c\/li\u003e\n\u003cli\u003ethe information economy\u003c\/li\u003e\n\u003cli\u003einflation targeting.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cbr\u003e\u003cp\u003eThis useful analysis of New Consensus Monetary Policy will be of great interest to financial economists and international monetary economists, as well as students and scholars of macroeconomics and finance.\u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\u003c\/span\u003e\u003c\/p\u003e","brand":"Rarewaves","offers":[{"title":"Default Title","offer_id":41527111942241,"sku":"9781843769545","price":149.02,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0092\/7504\/8033\/files\/orig_10728689_1942907_jpg.jpg?v=1735324750","url":"https:\/\/www.rarewaves.com\/products\/9781843769545-new-monetary-policy","provider":"Rarewaves.com","version":"1.0","type":"link"}