eBook - PDF
Central Banks as Fiscal Players
The Drivers of Fiscal and Monetary Policy Space
- English
- PDF
- Available on iOS & Android
eBook - PDF
About this book
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.
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Yes, you can access Central Banks as Fiscal Players by Willem Buiter in PDF and/or ePUB format, as well as other popular books in Economia & Macroeconomia. We have over one million books available in our catalogue for you to explore.
Information
Table of contents
- Cover
- Half-title page
- Series page
- Title page
- Copyright page
- Dedication
- Contents
- List of Figures
- List of Tables
- Introduction
- 1 The Central Bank Balance Sheet: Why It Matters
- 2 A Stylized Set of Accounts for the Treasury, the Central Bank and the State
- 3 Helicopter Money Drops
- 4 The Fallacy of the Fiscal Theory of the Price Level – and Why It Matters
- 5 Life at the Zero Lower Bound and How to Escape from It
- 6 Why the Eurosystem Isn’t a Proper Central Bank – and How to Make It One
- References
- Index