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