The Reform of Macroeconomic Policy: From Stagflation to Low or Zero Inflation

by Perkins, J. O. N.

• ISBN13: 9780312226091
• ISBN10: 0312226098
• Format: Hardcover
• Copyright: 2000-02-01
• Publisher: Palgrave Macmillan

Summary

This book discusses ways to improve macroeconomic policy in the context of the various macroeconomic problems of the past two decades, with chapters having been written at various times over that period. It emphasizes the need to find the best combinations of monetary policy and different forms of taxation and government outlays to achieve high employment and low inflation. There is a concluding chapter discussing the special problems that arise when inflation has become low, zero, or even negative.

Author Biography

J. O. N. Perkins is Emeritus Professor, University of Melbourne.

Table of Contents

List of Tables	vi
Acknowledgements	ix
Introduction (1998)	1	(3)
Principles of Macroeconomic Policy in a Stagflationary World (1981)	4	(24)
Macromiximisation (1980)	28	(25)
Towards the Formulation and Testing of a More General Theory of Macroeconomic Policy (1987)	53	(18)
Some Empirical Evidence about the Macroeconomic Mix (1990)	71	(16)
Empirical Evidence about the Macroeconomic Mix in the Open Economy (1989)	87	(22)
Public Finance and Macroeconomic Policy (1991)	109	(19)
Of Budget Deficits and Macroeconomic Policy (1996)	128	(15)
The Dangers of Targeting the Budget Deficit (1995)	143	(13)
Of Wage--Tax Trade-offs and Macroeconomic Mixes (1981)	156	(11)
Deregulation and Macroeconomic Policy (1989)	167	(11)
Macroeconomic Policy in Conditions of Low, Zero or Negative Inflation (1998)	178	(14)
Appendix: Gilbertian Parodies for Economists	192	(5)
References	197	(4)
Index	201