Abstract
There has been a major shift within macroeconomic policy over the past two decades or so in terms of the relative importancegiven in both policy and theoretical terms to monetary policy and to fiscal policy with the former gaining considerably inimportance, and the latter being rarely mentioned. Furthermore, the nature of monetary policy has shifted away from any attemptto control some monetary aggregate (which was prevalent in the first half of the 1980s), and instead monetary policy has focusedon the setting of interest rates as the key policy instrument.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
