This book examines the economic challenges facing the United States, the United Kingdom, and the European Monetary Union and discusses the macroeconomic policies pursued by their authorities in detail. It highlights a range of unsuccessful monetary and fiscal policies to establish financial stability and reduce inflation. By assessing the current threats to economic growth and stability, alternative ways in which governments and central banks can create coordinated responses and deliver better economic and social outcomes are outlined. The implications of Artificial Intelligence and cryptocurrencies are also discussed.
This book offers a practical framework for realistic modern economic policy that produces economic and environmental sustainability. It will be relevant to students, academics, researchers, and policymakers interested in the political economy, international economics, and economic policy.