alternative perspectives
- Editor/a . Lavoie, Marc
- Edward Elgal Publishing Limited. Cheltenham, 2004
Monetarism is dead! Central bankers are all Wicksellians now! They target low inflation rates, with no regard to monetary aggregates whatsoever, by acting upon short-term real rates of interest. This is the New Consensus in monetary economics, or simply the New Keynesian Synthesis. Yet, this ...