Towards the next revolution in central banking : a radical framework for monetary policy / Burkhard Wehner.
2021
HG1811 .W4513 2021
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Details
Title
Towards the next revolution in central banking : a radical framework for monetary policy / Burkhard Wehner.
Author
Wehner, Burkhard, author.
Uniform Title
Neue Logik der Geldpolitik. English
ISBN
9783030857660 (electronic bk.)
3030857662 (electronic bk.)
9783030857653
3030857654
3030857662 (electronic bk.)
9783030857653
3030857654
Published
Cham : Palgrave Macmillan, [2021]
Copyright
©2021
Language
English
Language Note
Translated from German.
Description
1 online resource : illustrations
Other Standard Identifiers
10.1007/978-3-030-85766-0 doi
Call Number
HG1811 .W4513 2021
Dewey Decimal Classification
332.11
Summary
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.
Bibliography, etc. Note
Includes bibliographical references.
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Access limited to authorized users.
Source of Description
Online resource; title from PDF title page (SpringerLink, viewed November 3, 2021).
Series
Palgrave pivot.
Available in Other Form
Towards the next revolution in central banking.
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Online Access
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Table of Contents
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 ⁰́₃ How, Where, and When?
5:-Some Supplements
6:-On the Governance Structure of Fully Independent Central Banks.
2.:-An Alternative Model: Stabilizing the Long-Term Interest Rate
3:-New Instruments for Monetary Policy
4:-Paths to the Fixed-Rate Model ⁰́₃ How, Where, and When?
5:-Some Supplements
6:-On the Governance Structure of Fully Independent Central Banks.