Central Banks as Fiscal Players: The Drivers of Fiscal and Monetary Policy Space (Federico Caffè Lectures) ダウンロード

Isbn 10: 1108842828

Isbn 13: 978-1108842822

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本の説明

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.

著者 :Willem Buiter
Isbn 10 :1108842828
Isbn 13 :978-1108842822
によって公開 :2020/11/12
出版社 Central Banks as Fiscal Players: The Drivers of Fiscal and Monetary Policy Space (Federico Caffè Lectures):Cambridge University Press
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