| Titre : | Central banks as fiscal payers : the drivers of fiscal and monetary policy space |
| Auteurs : | Willem H. Buiter, Auteur |
| Type de document : | Ouvrages |
| Editeur : | Cambridge University Press, 2021 |
| ISBN/ISSN/EAN : | 978-1-108-82276-3 |
| Format : | 1 vol. (215 p.) / tabl., graph. / 23 cm |
| Langues: | Anglais |
| Catégories : |
[Eurovoc] FINANCES > économie monétaire > politique monétaire [Eurovoc] FINANCES > économie monétaire > politique monétaire > banque centrale [Eurovoc] FINANCES > finances publiques et politique budgétaire > finances publiques [Eurovoc] FINANCES > fiscalité > politique fiscale |
| Résumé : | Note de l'éditeur : "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." |
| Note de contenu : |
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 |
Exemplaires (1)
| Code-barres | Cote | Support | Localisation | Section | Disponibilité |
|---|---|---|---|---|---|
| 007671 | FB 498 | Livre | Centre de documentation du CERDI / Ecole d'Economie | Salle de lecture | Disponible |
