The World's New Financial Landscape: Challenges For Economic Policy

This book explores multifaceted dimensions of economic crisis management including strategies and trends post-crisis. It examines the constraints and opportunities shaping the future of economics, social science and policy making, providing various economic models and paradigms. Featuring the best papers presented at the 2022 International Conference of Economic Scientific Research - Theoretical, Empirical and Practical Approaches (ESPERA), this book explores topics of highest interest such as energy crisis, inflation, fiscal and monetary policy, food security, safety and sustainability, the future of work, global financial systems, sovereign debt sustainability, digital currencies, supply chain disruptions, and cybersecurity, among others. Through the discussion of these topics, this book bridges the gap between theory and practice in economic crisis management and it is useful for scholars, researchers, academics, and policymakers.

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.