Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10010640798
Modern governments with a floating currency face no inherent financial constraints. Unfortunately, most modern macro-theorists continue to write as if these nations were financially constrained by (1) the magnitude of current tax "revenue" and (2) the private sector's willingness to "finance"...
Persistent link: https://www.econbiz.de/10005543593
This paper addresses three monetary policy issuesâpolicy independence, choice of targets, and rules versus discretion. According to the new monetary consensus, the central bank needs policy independence to build credibility, the operating target is the overnight interbank lending rate, and the...
Persistent link: https://www.econbiz.de/10005750142
Persistent link: https://www.econbiz.de/10010651712
Persistent link: https://www.econbiz.de/10010651782
Persistent link: https://www.econbiz.de/10010651788
Persistent link: https://www.econbiz.de/10010651858
Persistent link: https://www.econbiz.de/10010651961
Persistent link: https://www.econbiz.de/10010652002
Persistent link: https://www.econbiz.de/10010652074