Willem Buiter
Central Banks as Fiscal Players
The Drivers of Fiscal and Monetary Policy Space
Paperback Engels 2020 9781108822763
Verwachte levertijd ongeveer 9 werkdagen
Samenvatting
It is well known that the balance sheets of most major central banks significantly expanded in the aftermath of the financial crisis of 2007-2011, but the consequences of this expansion are not well understood. This book develops a unified framework to explain how and why central bank balance sheets have expanded and what this shift means for fiscal and monetary policy. Buiter addresses a number of key issues in monetary economics and public finance, including how helicopter money works, when modern monetary theory makes sense, why the Eurosystem has a potentially fatal design flaw, why the fiscal theory of the price level is a fallacy and how to escape from the zero lower bound.
Specificaties
ISBN13:9781108822763
Taal:Engels
Bindwijze:Paperback
Aantal pagina's:200
Uitgever:Cambridge University Press
Serie:Federico Caffè Lectu
Lezersrecensies
Wees de eerste die een lezersrecensie schrijft!
Inhoudsopgave
Introduction; 1. The central bank balance sheet: why it matters; Appendix to chapter 1: stochastic discount factors; 2. A stylized set of accounts for the Treasury, the central bank and the State; 3. Helicopter money drops; 4. The fallacy of the fiscal theory of the price level – and why it matters; Appendix to chapter 4: a formal approach to the FTPL; 5. Life at the zero lower bound and how to escape from it; 6. Why the Eurosystem isn't a proper central bank – and how to make it one.
Rubrieken
- advisering
- algemeen management
- coaching en trainen
- communicatie en media
- economie
- financieel management
- inkoop en logistiek
- internet en social media
- it-management / ict
- juridisch
- leiderschap
- marketing
- mens en maatschappij
- non-profit
- ondernemen
- organisatiekunde
- personal finance
- personeelsmanagement
- persoonlijke effectiviteit
- projectmanagement
- psychologie
- reclame en verkoop
- strategisch management
- verandermanagement
- werk en loopbaan