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Book Synopsis
Austerity, Fiscal consolidation, Fiscal discipline and Fiscal deficit targets have become the buzzwords of contemporary macroeconomic policy. By tracing the history of macroeconomic schools of thought, maximum government, maximum governance explores the origins, essence, shortcomings and deception of mainstream neoliberal Macroeconomics. Arguing that economies are financially constrained, neoliberal macroeconomics dislodged full employment as the target of policy replacing it with a low and stable inflation target. Monetary policy under the control of an independent central Bank became the primary instrument to assist free and globalized markets to propel economies towards full employment.

Maximum Government, Maximum Governance: Reframing

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    A Hardback by Sashi Sivramkrishna

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      Publisher: Manohar Publishers and Distributors
      Publication Date: 15/09/2023
      ISBN13: 9789388540056, 978-9388540056
      ISBN10: 9388540050
      Also in:
      Macroeconomics Politics and government

      Description

      Book Synopsis
      Austerity, Fiscal consolidation, Fiscal discipline and Fiscal deficit targets have become the buzzwords of contemporary macroeconomic policy. By tracing the history of macroeconomic schools of thought, maximum government, maximum governance explores the origins, essence, shortcomings and deception of mainstream neoliberal Macroeconomics. Arguing that economies are financially constrained, neoliberal macroeconomics dislodged full employment as the target of policy replacing it with a low and stable inflation target. Monetary policy under the control of an independent central Bank became the primary instrument to assist free and globalized markets to propel economies towards full employment.

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