Central banks as fiscal players : the drivers of fiscal and monetary policy space
著者
書誌事項
Central banks as fiscal players : the drivers of fiscal and monetary policy space
（Federico Caffè lectures）
Cambridge University Press, 2021
- : Pbk
大学図書館所蔵 件 / 全3件
-
該当する所蔵館はありません
- すべての絞り込み条件を解除する
注記
Includes bibliographical references (p. 198-206) and index
内容説明・目次
内容説明
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.
目次
- Introduction
- 1. The central bank balance sheet: why it matters
- Appendix to chapter 1: stochastic discount factors
- 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
- Appendix to chapter 4: a formal approach to the FTPL
- 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.
「Nielsen BookData」 より