ISBN: 9781108822763 - central banks as fiscal players: the drivers of fiscal and monetary policy space (federico caffè lectures) (4 Ergebnisse)

Paperback. Zustand: Very Good. 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.…

Zustand: New. In English.

Paperback. Zustand: Brand New. 215 pages. 8.75x6.00x0.50 inches. In Stock.

Zustand: New.