Towards the Next Revolution in Central Banking: A Radical Framework for Monetary Policy by Burkhard WehnerEnglish | PDF,EPUB | 2021 | 83 Pages | ISBN : 3030857654 | 1.6 MB
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.