TY  - BOOK
AU  - Buiter,Willem
TI  - Central banks as fiscal players: the drivers of fiscal and monetary policy space 
T2  - Federico Caffè lectures
SN  - 9781108904292 (ebook)
AV  - HG1811 .B95 2021
U1  - 332.112 23
PY  - 2021///
CY  - Cambridge
PB  - Cambridge University Press
KW  - Banks and banking, Central
KW  - Monetary policy
N1  - Title from publisher's bibliographic system (viewed on 12 Nov 2020)
N2  - 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
UR  - https://doi.org/10.1017/9781108904292
ER  -