Recent experiences with inflation, debt and exchange rate fluctuations show that our monetary environment is far from stable. Traditional approaches to monetary economics have not been successful in anticipating or explaining these crises, and consequently have not provided appropriate policy recommendations....

Alvaro Cencini provides analytical evidence demonstrating that macroeconomics is logically independent of microeconomics and that it is fundamental to economic analysis. This book lends further support to the claim for the macroeconomic foundations of macroeconomics....

This book provides the grounding for a new approach to monetary economics, based on the book-keeping nature of money. The main themes of macroeconomics are examined to show how we may improve our understanding through a thorough analysis of their monetary aspects....