Central Banks as Fiscal Players
Книги

Central Banks as Fiscal Players

Книги

Central Banks as Fiscal Players

Buiter, W. Central Banks as Fiscal Players : The Drivers of Fiscal and Monetary Policy Space / W. Buiter. — Cambridge : Cambridge University Press, 2021. — 216 p.: il.. — (Federico Caffe Lectures). — References: p. 198-206. — ISBN 978-1-108-82276-3 : 2644.95 р.

Аннотация

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.
  • УДК:
    336.711
  • ISBN:
    978-1-108-82276-3

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