{"product_id":"9783030857653","title":"Towards the Next Revolution in Central Banking: A Radical Framework for Monetary Policy","description":"\u003ch1\u003eTowards the Next Revolution in Central Banking: A Radical Framework for Monetary Policy\u003c\/h1\u003e \u003ch2\u003eWehner, Burkhard\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis 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.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eIt is argued that the proposed framework would be clearly superior to conventional policies in preventing financial market crises, maintaining high employment, and keeping the economy at or near potential. The merits and shortcomings of alternative theories such as Modern Monetary Theory are also discussed.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis book will be relevant to researchers and policymakers as well as professional investors, analysts, and commentators of financial markets and the economy at large.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Palgrave Macmillan\u003c\/p\u003e \u003cp\u003ePublication Date: 2021-10-29\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9783030857653\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-030-85766-0\u003c\/p\u003e \u003cp\u003eDimensions: 210cm x148cm\u003c\/p\u003e \u003cp\u003ePages: 75\u003c\/p\u003e ","brand":"Springer Gabler Verlag","offers":[{"title":"Default Title","offer_id":45385605611660,"sku":"9783030857653","price":58.49,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783030857653.jpg?v=1776863378","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9783030857653","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}