Showing 1 - 10 of 382
Persistent link: https://www.econbiz.de/10012298881
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. …
Persistent link: https://www.econbiz.de/10013272434
Persistent link: https://www.econbiz.de/10010440128
Persistent link: https://www.econbiz.de/10000639337
Persistent link: https://www.econbiz.de/10003857952
Persistent link: https://www.econbiz.de/10003956513
Persistent link: https://www.econbiz.de/10003875746
The paper considers three methods for eliminating the zero lower bound on nominal interest rates and thus for restoring symmetry to domain over which the central bank can vary its policy rate. They are: (1) abolishing currency (which would also be a useful crime-fighting measure); (2) paying...
Persistent link: https://www.econbiz.de/10012463532
The paper considers three methods for eliminating the zero lower bound on nominal interest rates and thus for restoring symmetry to domain over which the central bank can vary its policy rate. They are: (1) abolishing currency (which would also be a useful crime-fighting measure); (2) paying...
Persistent link: https://www.econbiz.de/10013152378
The paper answers three questions.(1) Does it matter if a central bank suffers a large capital loss? (2) Can the central bank become insolvent? (3) When, how and by whom should the central bank be recapitalised?
Persistent link: https://www.econbiz.de/10013048185