Titlebook: Issues in Finance and Monetary Policy; John McCombie (Director of the Centre for Economic Book 2007 Palgrave Macmillan, a division of Macm

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Introduction,ed money as a central determinant of economic activity, at least in the short run, while Keynesians had already rejected the classical neutrality axiom of money in both the short and long run. Today, new Keynesians reject the classical dichotomy that has been revived in, for example, real business cycle theory.

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rent economic situations. It advances some proposals to improve their contribution towards a more stable and vigorous economy in the context of both developed and developing countries.978-1-349-28362-0978-0-230-80149-3

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Strong Uncertainty and How to Cope with it to Improve Action and Capacity,st efficient engine possible for propelling our society towards an economic Utopia here on earth. In such a system, a free market coordinates the decisions of self-interested agents without any need for government interference.

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Transparency versus Openness in Monetary Policy,policy, namely, time inconsistency (Geraats, 2001). As a key feature of inflation, transparency in inflation targeting has come to be seen as increasingly important with the implementation of this monetary policy regime.

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978-1-349-28362-0Palgrave Macmillan, a division of Macmillan Publishers Limited 2007

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Heterodoxy

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https://doi.org/10.1057/9780230801493banking; developing countries; development; economic development; economy; efficiency; finance; Inflation; i