Towards the next revolution in central banking a radical framework for monetary policy / [electronic resource] :

• 作者： Wehner, Burkhard.
• 其他作者：
  • SpringerLink (Online service)
• 其他題名：
  • Neue Logik der Geldpolitik.
• 出版： Cham : Springer International Publishing :Imprint: Palgrave Macmillan
• 主題： Banks and banking, Central. , Monetary policy. , Economic Policy. , Public Finance. , Social Choice/Welfare Economics/Public Choice/Political Economy.
• ISBN： 9783030857660 (electronic bk.) 、 9783030857653 (paper)
• FIND@SFXID: CGU
• 資料類型: 電子書
• 內容註: 1:-On the History of Monetary Policy -- 2.:-An Alternative Model: Stabilizing the Long-Term Interest Rate -- 3:-New Instruments for Monetary Policy -- 4:-Paths to the Fixed-Rate Model - How, Where, and When? -- 5:-Some Supplements -- 6:-On the Governance Structure of Fully Independent Central Banks.
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• 摘要註: This book critically explores past and present principles of central banking, and outlines a new framework for future stabilization policy. Through compact and concise chapters, it demonstrates why a constant long-term interest rate would be the most beneficial target for monetary policy to follow. A novel set of policy tools and institutional arrangements suitable to reliably meet this target are developed. It is argued that the proposed framework would be clearly superior to conventional policies in preventing financial market crises, maintaining high employment, and keeping the economy at or near potential. The merits and shortcomings of alternative theories such as Modern Monetary Theory are also discussed. This book will be relevant to researchers and policymakers as well as professional investors, analysts, and commentators of financial markets and the economy at large. Burkhard Wehner is an independent scholar and theorist in economics and political science. He has developed alternative theories and concepts of democracy, social and monetary policy, and the labor market.
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