Zero Interest Policy and the New Abnormal

Discover the groundbreaking insights in Zero Interest Policy and the New Abnormal by Michael Beenstock, published by Oxford University Press in 2022. This 388-page hardback offers the first comprehensive critique of the prevailing political economy where central banks maintain interest rates at zero and employ unconventional monetary policies like quantitative easing. Additionally, it explores how finance ministries operate with substantial budget deficits and accumulate significant debt.

Beenstock's analysis delves deep into the implications of these practices, making it an essential read for anyone interested in finance, economics, and the future of monetary policy. Whether you are a student, professional, or simply curious about the current economic landscape, this book provides valuable perspectives that challenge conventional wisdom. Don't miss the opportunity to enhance your understanding of these critical issues!