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Routledge - Monetary Policy and Macroeconomic Stabilization

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Description

Explore a fundamental review and critique of activist economic policies with this unique contribution to classical political economy. Published by Routledge, "Monetary Policy and Macroeconomic Stabilization" examines the vital role of distinct national monetary policy in driving economic growth. Author Ole Bjorn Roste provides a deep analysis of macroeconomic stabilization policy, focusing on the roles of Optimum Currency Areas, Sacrifice Ratios, and Labor Market Adjustment. The text offers a perspective on how public officials should approach policy pursuit, suggesting that restraint is often necessary when knowledge of economic variables is limited. This book connects modern macroeconomic thought back to its foundations, referencing the historical context established by Keynes' "General Theory of Employment, Interest and Money." It is an essential resource for students, researchers, and professionals interested in the complexities of economic policy and development.

Key Features

Provides a detailed critique of activist economic policies from a classical political economy perspective.

Analyzes the connection between distinct national monetary policy and economic growth.

Examines key economic concepts including Optimum Currency Areas and Sacrifice Ratios.

Offers insights into labor market adjustment within the context of macroeconomic stabilization.

Connects modern macroeconomic discussions to the historical foundations of the field.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
15 August 2008
Listed Since
12 November 2007

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