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Towards the next revolution in central bankinga radical framework for monetary policy /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Towards the next revolution in central bankingby Burkhard Wehner.
Reminder of title:	a radical framework for monetary policy /
Author:	Wehner, Burkhard.
Published:	Cham :Springer International Publishing :2021.
Description:	x, 75 p. :ill., digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Banks and banking, Central.
Online resource:	https://doi.org/10.1007/978-3-030-85766-0
ISBN:	9783030857660$q(electronic bk.)

Towards the next revolution in central bankinga radical framework for monetary policy /
Wehner, Burkhard.

Towards the next revolution in central bankinga radical framework for monetary policy /[electronic resource] :by Burkhard Wehner. - Cham :Springer International Publishing :2021. - x, 75 p. :ill., digital ;24 cm.

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.

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.

ISBN: 9783030857660$q(electronic bk.)

Standard No.: 10.1007/978-3-030-85766-0doiSubjects--Topical Terms:

187156
Banks and banking, Central.

LC Class. No.: HG1811 / .W4513 2021

Dewey Class. No.: 332.11

Towards the next revolution in central bankinga radical framework for monetary policy /
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245 1 0 $a Towards the next revolution in central banking $h [electronic resource] : $b a radical framework for monetary policy / $c by Burkhard Wehner.
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300 $a x, 75 p. : $b ill., digital ; $c 24 cm.
505 0 $a 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.
520 $a 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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650 1 4 $a Economic Policy. $3 274350
650 2 4 $a Public Finance. $3 739648
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856 4 0 $u https://doi.org/10.1007/978-3-030-85766-0
950 $a Economics and Finance (SpringerNature-41170)