This book, originally published in 1978, makes use of and extends first-year macroeconomic theory to examine how governments attempt to use the instruments of macroeconomic policy in order to acheive their objectives. It begins with a discussion of the meaning and desirability of policy objectives, moves on to examine the workings of the main policy instruments and concludes with a chapter which outlines Tinbergen’s ‘fixed’ targets’ and Theil’s ‘flexible targets’ approaches to policy. A chapter on debt management considers the main theories of the term strcutyure of interet rates and their implications for debt management as an instrument of policy.
| ISBN: | 9781138938892 |
| Publication date: | 15th September 2015 |
| Author: | John Brooks, Robert W Evans |
| Publisher: | Routledge an imprint of Taylor & Francis Ltd |
| Format: | Hardback |
| Pagination: | 146 pages |
| Series: | Routledge Library Editions: Macroeconomics |
| Genres: |
Macroeconomics |