Titlebook: Exchange Rate Alignments; John Mills Book 2012 Palgrave Macmillan, a division of Macmillan Publishers Limited 2012 economic growth.economi

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Jacket

Inflation,in nearly all the Western world, which side has won this particular battle of ideas. It is now the conventional wisdom almost everywhere that one of the most significant objectives of economic policy — perhaps the most important of all — is to maintain the average increase in the price level at no m

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Unemployment,the inability of policymakers to do anything effective to reverse it. Unemployment in the European Union has hovered close to 10 per cent for most of the last four decades and in September 2011 it stood at 10.2 per cent. Twenty-three million people in the EU were actively looking for jobs. . For muc

Hyperplasia

Sustainability,d’s ecology. Higher output would raise consumption of raw materials and produce more waste. Raising living standards could, unless carefully handled, substantially increase rather than reduce the risk of destabilising the world’s climate. Can, therefore, a convincing case be made that a policy orien

Eulogy

制造

Flounder

Post-World War II,he hostilities. The increased destructiveness of the weapons used, particularly those involving aerial bombardment, caused far more damage to railways, houses and factories than had occurred during World War I.

Infinitesimal

The Monetarist Era,esian orthodoxy of the previous quarter of a century. Monetarism became the theoretical and practical discipline to which the vast majority of those involved in economic affairs, in both the academic and policymaking worlds, began to subscribe. It is no coincidence, however, that monetarism’s preval

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bibliophile

Policies for the Future,ble economic future, which is generally accepted by policymakers, a majority of the informed public and by most academic commentators. Instead, in the absence of a viable consensus, there appears to be a major risk that – at best – the Western world is headed for a long period of slow or non-existen