Re-examining Monetary And Fiscal Policy For The 21st Century

by Arestis, Philip; Sawyer, Malcolm C.

• ISBN13: 9781843765837
• ISBN10: 1843765837
• Format: Hardcover
• Copyright: 2004-12-04
• Publisher: Edward Elgar Pub

Author Biography

Malcolm Sawyer is Professor of Economics at the University of Leeds, UK and Senior Scholar at the Levy Economics Institute, USA.

Table of Contents

List of figures	vi
List of tables	vii
Acknowledgments	viii
1 Introduction: debates over monetary and fiscal policy	1	(9)
2 The 'new consensus' in macroeconomics and monetary policy	10	(17)
3 The macroeconometric model of the Bank of England	27	(14)
4 Can monetary policy affect inflation or the real economy?	41	(17)
5 Does the stock of money have any causal significance?	58	(15)
6 The inflationary process	73	(27)
7 The nature and role of monetary and fiscal policy when money is endogenous	100	(18)
8 Reinventing fiscal policy	118	(14)
9 The case for fiscal policy	132	(22)
10 Macroeconomic policies of the European economic and monetary union	154	(35)
References	189	(16)
Index	205