Showing 1 - 10 of 18
Most macroeconomic models treat the central bank and the trea-sury as a unified entity. The balance sheet of the central bank is therefore implicitly treated as an accounting fiction. While this is often realistic, the central bank balance sheet has implications for central bank independence....
Persistent link: https://www.econbiz.de/10011399700
Persistent link: https://www.econbiz.de/10010202543
Persistent link: https://www.econbiz.de/10002380288
Most macroeconomic models treat the central bank and the treasury as a unified entity. The balance sheet of the central bank is therefore implicitly treated as an accounting fiction. While this is often realistic, the central bank balance sheet today, with the US and ESCB balance sheets nearly...
Persistent link: https://www.econbiz.de/10001623720
Persistent link: https://www.econbiz.de/10001580616
Persistent link: https://www.econbiz.de/10001331927
Persistent link: https://www.econbiz.de/10009129839
Persistent link: https://www.econbiz.de/10012492520
Persistent link: https://www.econbiz.de/10003341013
Persistent link: https://www.econbiz.de/10011381688