| Central Banks as Fiscal Players: The Drivers of Fiscal and Monetary Policy Space Contributor(s): Buiter, Willem (Author) |
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ISBN: 1108842828 ISBN-13: 9781108842822 Publisher: Cambridge University Press OUR PRICE: $80.75 Product Type: Hardcover - Other Formats Published: November 2020 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Macroeconomics |
| Physical Information: 0.56" H x 6" W x 9" (1.05 lbs) 200 pages |
| Descriptions, Reviews, Etc. |
| Publisher 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. |
