The reform of macroeconomic policy : from stagflation to low or zero inflation / J.O.N. Perkins.

Includes bibliographical references and index.

1. Introduction (1998) -- 2. Principles of Macroeconomic Policy in a Stagflationary World (1981) -- 3. Macromiximisation (1980) -- 4. Towards the Formulation and Testing of a More General Theory of Macroeconomic Policy (1987) -- 5. Some Empirical Evidence about the Macroeconomic Mix (1990) -- 6. Empirical Evidence about the Macroeconomic Mix in the Open Economy (1989) -- 7. Public Finance and Macroeconomic Policy (1991) -- 8. Of Budget Deficits and Macroeconomic Policy (1996) -- 9. The Dangers of Targeting the Budget Deficit (1995) -- 10. Of Wage-Tax Trade-offs and Macroeconomic Mixes (1981) -- 11. Deregulation and Macroeconomic Policy (1989) -- 12. Macroeconomic Policy in Conditions of Low, Zero or Negative Inflation (1998) -- App. Gilbertian Parodies for Economists.

"This book discusses ways of improving macroeconomic policy by varying the combinations of monetary policy with different sorts of government outlays and revenue to deal with the combinations of problems experienced during the past twenty years or so. It draws upon various forms of empirical evidence to show that the use of targets, such as the budget deficit, is not helpful for finding the appropriate combinations of measures. There is also a discussion of various types of wage and income policies as a means of achieving macroeconomic objectives."--BOOK JACKET.