Titlebook: Debates in Monetary Macroeconomics; Tackling Some Unsett Steven Pressman,John Smithin Book 2022 The Editor(s) (if applicable) and The Autho

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https://doi.org/10.1007/978-3-030-04043-7ange rate fixing, which fosters disequilibria and crises, fixed rates can pave the way for greater international monetary coordination, which is impossible if so-called independent monetary policies lead to currency devaluations and beggar-thy-neighbour policy measures.

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The Case for Fixed Exchange Rate Regimes: What for and in What Form?,ange rate fixing, which fosters disequilibria and crises, fixed rates can pave the way for greater international monetary coordination, which is impossible if so-called independent monetary policies lead to currency devaluations and beggar-thy-neighbour policy measures.

紋章

Daniel McAlpine and The Bitter Pitaking a position on these policy issues, the book sets out both sides of the debate. Two scholars address each issue, taking opposing viewpoints. The book thus presents a debate about macroeconomic policy but does not seek to resolve any unsettled questions. Readers are left to make up their own mind on these issues.

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Daniele Barbaro’s Vitruvius of 1567nments should run surpluses in good economic times and roughly equivalent deficits to stimulate the economy during recessions. Following Piketty, the paper opposes government budget deficits because of their distributional consequences. Taxing the rich is better than borrowing from them, except during times of recession.