Central Banks as Fiscal Players - The Drivers of Fiscal and Monetary Policy Space (Hardcover)

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.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Series:	Federico Caffe Lectures
Release date:	November 2020
Authors:	Willem Buiter
Dimensions:	150 x 230 x 15mm (L x W x T)
Format:	Hardcover
Pages:	200
ISBN-13:	978-1-108-84282-2
Categories:	Books > Business & Economics > Economics > Macroeconomics > Monetary economics
LSN:	1-108-84282-8
Barcode:	9781108842822

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