Macroeconomic Policy: Inflation, Wealth and the Exchange Rate

This book is an attempt to present a package of ideas for application to macroeconomic decision-making in open economies. These ideas are tried out on an economic model of one particular economy, the United Kingdom, with simulated reruns of history for the UK economy over the years 1975-1990. As well as presenting new proposals suggestions are compared extensively with ideas for reform put forward by others. Technical aspects of the work are described.