Format:
1 Online-Ressource (xi, 215 Seiten) :
,
Illustrationen.
ISBN:
978-1-108-90429-2
Series Statement:
Federico Caffè lectures
Content:
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
Additional Edition:
Erscheint auch als Druck-Ausgabe, Hardcover ISBN 978-1-108-84282-2
Additional Edition:
Erscheint auch als Druck-Ausgabe, Paperback ISBN 978-1-108-82276-3
Language:
English
Subjects:
Economics
Keywords:
Notenbank
;
Fiskalpolitik
;
Geldpolitik
;
Notenbankpolitik
DOI:
10.1017/9781108904292
URL:
Volltext
(URL des Erstveröffentlichers)
URL:
Volltext
(URL des Erstveröffentlichers)
URL:
Volltext
(URL des Erstveröffentlichers)
