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"This book presents a collection of papers, which discuss: the stability of the macroeconomic equilibrium; monetary policy divergences in the Euro area; stock market prices; the US post-'new economy' bubble; the information economy; inflation targeting. " -- BOOK JACKET.
Beginning with an assessment of new thinking in macroeconomics and monetary theory, this book suggests that many countries have adopted the New Consensus Monetary Policy since the early 1990s in an attempt to reduce inflation to low levels. It goes on to illustrate that the expl…