Central banks as fiscal players : the drivers of fiscal and monetary policy space /

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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...

Ausführliche Beschreibung

Gespeichert in:
1. Verfasser:
Buiter, Willem
Format:
Elektronisch E-Book
Sprache:
Englisch
Veröffentlicht:
Cambridge : Cambridge University Press, 2021.
Zusammenfassung:
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.
Umfang:
1 online resource (xi, 215 pages) : digital, PDF file(s).
Anmerkungen:
Title from publisher's bibliographic system (viewed on 12 Nov 2020).
ISBN:
9781108904292 (ebook)
DOI:
10.1017/9781108904292
Schlagworte:
Banks and banking, Central.
Monetary policy.
Bezugswerke:
Links: