• Summary
  • Contents
  • Subject index

Over the last two decades, 'neoliberalism' has emerged as a key concept within a range of social science disciplines including sociology, political science, human geography, anthropology, political economy, and cultural studies. The SAGE Handbook of Neoliberalism showcases the cutting edge of contemporary scholarship in this field by bringing together a team of global experts. Across seven key sections, the handbook explores the different ways in which neoliberalism has been understood and the key questions about the nature of neoliberalism: Part 1: Perspectives Part 2: Sources Part 3: Variations and Diffusions Part 4: The State Part 5: Social and Economic Restructuring Part 6: Cultural Dimensions Part 7: Neoliberalism and Beyond This handbook is the key reference text for scholars and graduate students engaged in the growing ...

Monetary Policy and Neoliberalism
Monetary Policy and Neoliberalism
Alfredo Saad-Filho
Introduction

This chapter critically reviews the monetary policy framework associated with neoliberalism, including inflation targeting (IT) and Central Bank independence (CBI). Together, they are the component parts of the so-called New Monetary Policy Consensus (NMPC).1 Since the late 1980s, the NMPC has become the dominant (‘best practice') monetary policy paradigm in several advanced, middle-income and, increasingly, poor countries.2 Its popularity among mainstream economists and policymakers is based on the theoretical strengths of the NMPC (from the point of view of neoclassical economics), and the alleged successes of countries implementing this policy compact. From this point of view, the NMPC addresses successfully an important policy problem: how to anchor domestic monetary systems in ...

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