This book discusses ways to improve macroeconomic policy in the context of the various macroeconomic problems of the past two decades, with the chapters having been written at various times over that period. It emphasises 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.

Autorentext

J.O.N. Perkins is Emeritus Professor, University of Melbourne. He is the author of many books including, A General Approach to Macroeconomic Policy, The Macroeconomic Mix in the Industrialised World, The Macroeconomic Mix to Stop Stagflation and Unemployment, Inflation and New Macroeconomic Policy.

Inhalt

Acknowledgements List of Tables Introduction Principles of Macroeconomic Policy in a Stagflation World Macromiximisation Towards the Formulation and Testing of a More General Theory of Macroeconomic Policy Some Empirical Evidence about the Macroeconomic Mix Empirical Evidence about the Macroeconomic Mix in the Open Economy Public Finance and Macroeconomic Policy The Dangers of Targeting the Budget Deficit Of Wage-tax Trade-offs and Macroeconomic Mixes Macroeconomic Policy in Conditions of Low, Zero or Negative Inflation References Appendix: Gilbertian Parodies for Economists Index