‘There have been important advances in monetary economics and macroeconomics recently. In macroeconomics there has been the paramount development of the New Consensus Macroeconomics along with significant policy implications, thereby giving rise to the notion of New Monetary Policy. This book deals with the key aspects of these developments and further ones such as money, credit and the business cycle. Adding to the analysis are developments that focus on issues for open and spatial macroeconomics.
INDICE: ‘Introduction; P.Arestis & G.Zezza. Monetary Policy with Firms' Bank Dependence and Default Risk; G.Passamani; & R.Tamborini. Assessing the New Keynesian Phillips Curves under Competing Expectation Hypothesis; O.Musy & S.Pommier. The Taylor Rule and Financial Derivatives: The Case of Options; C.Oldani. Credit Risk Management: Rationing vs Credit Derivatives and Consequences for Financial Stability; S.Vanacore. Confidence, Monetary Policy and Macroeconomic Performance; D.Torre, E.Tosi & M.Dal-Pont Legrand. Asymmetries as Sources of Conflict in a Monetary Union; P.Arestis, G.Chortareas & T.Pelagidis. Alternative Fiscal Policy Rules and the Stabilization Problem in EMU: Theory and Simulations; J.Uxo & Mª J.Arroyo. On the Minskian Business Cycle; K.Erturk. Minsky's Vision and its Relationship with the General Theory; E.De Antoni. Towards a Spatial Keynesian Macroeconomics; W.Mitchell & J.Juniper. Monetary Shocks and Real Exchange Rate Dynamics; D.Federici & S.Santoro. Macroeconomic Risk: Evaluation of International Reserves in Venezuela; C.Pagliacci & E.Ochoa. World Bank Trade Models and the Doha Debate; R.von Arnim & L.Taylor. Technology, Capital Flows and the Balance of Payments Constraint; M.Curado, G.Porcile & R.Viana’
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