Author

Publication

2020 - Cambridge University Press

Language

English

Word Count

50,000 words, Guess

Page Count

200 pages

Identifiers

  • ISBN-139781108842822
  • ISBN-101108842828
  • Better World Books9781108842822
  • Open LibraryOL29891091M

Classifications

  • LCCHG1811

Description

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.

Subjects

Other Editions

  • Central Banks As Fiscal PlayersCambridge University Press2020

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