Towards the Next Revolution in Central Banking : A Radical Framework for Monetary Policy / by Burkhard Wehner

By:

Wehner, Burkhard, 1946- [VerfasserIn]

Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Springer eBook CollectionPublisher: Cham : Springer International Publishing, 2021Publisher: Cham : Imprint: Palgrave Macmillan, 2021Edition: 1st ed. 2021Description: 1 Online-Ressource(X, 75 p. 2 illus.)ISBN:

9783030857660

Subject(s):

Additional physical formats: 9783030857653 | 9783030857677 | Erscheint auch als: 9783030857677 Druck-Ausgabe | Erscheint auch als: Towards the next revolution in central banking. Druck-Ausgabe Cham : Palgrave Macmillan, 2021. x, 75 SeitenDDC classification:

338.9 23

RVK: RVK: QK 920 | QK 900DOI: DOI: 10.1007/978-3-030-85766-0Online resources:

Summary: 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.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.PPN: PPN: 1775862070Package identifier: Produktsigel: ZDB-2-ECF | ZDB-2-SEB | ZDB-2-SXEF

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