Beschreibung:
First published in 1983, this is the second of two volumes on the causes and cure of stagflation - that combination of mass unemployment and rapid inflation that is currently afflicting the mixed economies of the industrially developed world. This volume considers financial policies.
Part 1: The Policy in Theory and Practice 1. The Case for New Keynesian Demand Management 2. Three Financial Targets: Money Income, Balance of Payments and Investment Ratio 3. Three Financial Weapons: Fiscal, Monetary and Foreign-Exchange Measures 4. The Marriage of Weapons and Targets 5. Discretionary Interventions Part 2: Rerunning History 6. The Formulation and Historical Application of the Control Rules 7. Results of the Rerun Part Three Some Administrative Problems of Fiscal Control 8. The Use of Indirect Taxes as a Regulator 9. The Use of Income Tax as a Regulator 10. The Use of a Wage Tax as a Regulator Part 4: The Derivation of Control Rules for Economic Policy 11. Feedback Systems and Economic Policies 12. Frequency-Response Methods for Policy Design 13. The Design and Performance of New Keynesian Policies