Economics, Econometrics and Finance
8 years ago

New monetary policy shift aims to lower inflation rates worldwide.

RePEc: Research Papers in Economics
New Consensus Monetary Policy: and appraisal
Philip Arestis, Malcolm Sawyer

Paper Summary

The book discusses how many countries shifted to a New Consensus Monetary Policy in the 1990s to lower inflation. Instead of controlling the money supply, they now focus on adjusting interest rates to meet specific inflation targets.

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