Central Banks as Fiscal Players : The Drivers of Fiscal and Monetary Policy Space PDF
by Willem Buiter
- Information
Description
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.
Information
-
Download Now
- Format:PDF
- Publisher:Cambridge University Press
- Publication Date:12/11/2020
- Category:
- ISBN:9781108912372
Other Formats
- EPUB from £26.34
- Paperback / softback from £22.21
- Hardback from £54.36
Information
-
Download Now
- Format:PDF
- Publisher:Cambridge University Press
- Publication Date:12/11/2020
- Category:
- ISBN:9781108912372