Description
This book aims to address the emergence of a ‘new consensus in macroeconomics’ (NCM), following the end of the ‘old consensus’ and the ‘golden age’ period of the late 1960s and early 1970s, and the spur of the ‘schools of thought’ controversies thereafter. Edited By Philip Arestis Introduction; P.Arestis & A.Ross What is the New Consensus in Macroeconomics? P.Arestis Are there Dangers in the Microfoundations Consensus?; S.Wren-Lewis The Future of Central Banking; C.Goodhart The Foundations of Monetary Policy in the New Consensus Framework: A Partial Critique; M.Sawyer The New Consensus in Monetary Policy: Is the NKM Fit for the Purpose of Inflation Targeting?; M.Wickens & P.Smith New Consensus and Monetary Policy Delegation; G.Chortareas The New Consensus and the UK Macroeconomic Policy Framework; A.Gurney Is there a New Consensus in Monetary Policy?; C.Bean On Two Aspects of the Fed’s Monetary Policy; W.Poole The Performance of the ECB; M.Artis
