© 2007

Aspects of Modern Monetary and Macroeconomic Policies

  • Philip Arestis
  • Eckhard Hein
  • Edwin Le Heron

Table of contents

About this book


Within the New Consensus Macroeconomics, monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. This book raises problems relating to this new monetary and macroeconomic policy.


bank Deflation economic policy fiscal policy Inflation Keynes macroeconomics monetary policy Stagnation

Editors and affiliations

  • Philip Arestis
    • 1
  • Eckhard Hein
    • 2
    • 3
  • Edwin Le Heron
    • 4
    • 5
  1. 1.Cambridge Centre for Economic and Public PolicyUniversity of CambridgeUK
  2. 2.Macroeconomic Policy Institute (IMK)Hans Boeckler FoundationDuesseldorfGermany
  3. 3.Carl von Ossietzky University OldenburgGermany
  4. 4.‘Maître de Conférences’ in EconomicsSciences Po BordeauxFrance
  5. 5.SPIRIT (Science de Politique, Relations International et Territoire)France

About the editors

ANGEL ASENSIO Maître de Conférences, Centre d'Economie de Paris Nord (CEPN), Université Paris 13 - CNRS, France JÖRG BIBOW Assistant Professor of Economics, Skidmore College, Saratoga Springs, New York, USA; Research Associate, Levy Economics Institute of Bard College, Annandale-on-Hudson, New York, USA PETER FLASCHEL Professor of Economic Theory, Department of Economics and Business Administration, Bielefeld University, Germany CLAUDE GNOS Associate Professor, University of Burgundy, France; Head, Centre for Monetary and Financial Studies, Dijon, France PETER HOWELLS Reader in Economics, Bristol Business School, University of the West of England, Bristol, UK ELIAS KARAKITSOS Professor and Chairman of Global Economic Research; Associate Member, Cambridge Centre for Economic and Public Policy, University of Cambridge, UK THEODORE KOUTSOBINAS Assistant Professor, Department of Statistics, Actuarial Studies and Financial Mathematics, University of the Aegean, Samos, Greece; Teaching Fellow, Graduate Program, Department of Statistics, Athens University of Economics and Business, Athens, Greece BASIL MOORE Professor Extraordinary of Economics, Stellenbosch University, South Africa CHRISTIAN PROAÑO Department of Economics and Business Administration, Bielefeld University, Germany; Macroeconomic Policy Institute (IMK), Hans Boeckler Foundation, Duesseldorf, Germany MALCOLM SAWYER Professor of Economics, University of Leeds, UK ELISABETH SPRINGLER Assistant Professor, Institute for Monetary and Fiscal Policy, Vienna University of Economics and Business Administration, Austria ACHIM TRUGER Senior Researcher, Macroeconomic Policy Institute (IMK), Hans Boeckler Foundation, Duesseldorf, Germany

Bibliographic information

Industry Sectors
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'...this book provides a good overview of the varieties of ongoing research in heterodox economics. It can thus deliver some fresh ideas beyond the NCM and help to overcome the uncritical approach to the assumptions of standard economic theory.' - Jan-Oliver Menz, INTERVENTION - European Journal of Economics and Economic Policies