Towards the Next Revolution in Central Banking - A Radical Framework for Monetary Policy (Hardcover, 1st ed. 2021)

This book critically explores past and present principles of central banking, and outlines a new framework for future stabilization policy. Through compact and concise chapters, it demonstrates why a constant long-term interest rate would be the most beneficial target for monetary policy to follow. A novel set of policy tools and institutional arrangements suitable to reliably meet this target are developed. It is argued that the proposed framework would be clearly superior to conventional policies in preventing financial market crises, maintaining high employment, and keeping the economy at or near potential. The merits and shortcomings of alternative theories such as Modern Monetary Theory are also discussed. This book will be relevant to researchers and policymakers as well as professional investors, analysts, and commentators of financial markets and the economy at large.

General

Imprint:	Springer Nature Switzerland AG
Country of origin:	Switzerland
Release date:	November 2021
First published:	2021
Authors:	Burkhard Wehner
Dimensions:	210 x 148mm (L x W)
Format:	Hardcover - Cloth over boards
Pages:	75
Edition:	1st ed. 2021
ISBN-13:	978-3-03-085765-3
Languages:	English
Subtitles:	German
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Economics > Political economy Books > Social sciences > Politics & government > Central government > Central government policies Books > Business & Economics > Finance & accounting > Finance > Public finance > Taxation Books > Money & Finance > Public finance > Taxation Promotions
LSN:	3-03-085765-4
Barcode:	9783030857653

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