Incluye bibliografías e índice.

Part I: The trend of macroeconomic policy ; 1. Notes on inflation targeting / David Laidler ; 2. Kalecki's 'Political Aspects of Full Employment' revisited / Frank Skuse ; 3. Post Keynesian economic policy: continuing relevance / Philip Arestis, Murray Glickman -- Part II: The independent central bank ; 4. The privatization of monetary policy / Keith Bain, Peter Howells ; 5. Emergency changes in monetary policy / John Grahl ; 6. Central bank independence has costs, not just benefits / Gerard Lyons ; 7. What are the central bank's and the private sector's objectives? / Charles A. E. Goodhart, Haizhou Huang -- Part III. Emerging problems in macroeconomic policy ; 8. The economics and politics of European monetary union: Labour and the Euro / David Currie ; 9. Convergence in European bond markets / Joe A. Ganley ; 10. Severe fiscal contractions and expansions: a further tale of a European economy / Brian Henry and James Nixon -- Part IV. Macroeconomic policy beyond the OECD ; 11. Non-linear hyperinflationary exchange rate dynamics: the Polish zloty, 1988-90 / David A. Peel,Alan E. H. Speight ; 12. Islands of tranquility in a turbulent world? Macroeconomic adjustment processes in the micro states of the Eastern Caribbean / Michael Anyadike-Danes.