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 moneta…
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 moneta…
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 moneta…
Die Geldpolitik der Zentralbanken sollte den Märkten möglichst klare Leitlinien geben. Hiervon scheinen Zentralbanken aber weiter entfernt denn je. Es fehlt ihnen an überzeugender Theorie, an verständlichen Regeln und an wirkungsmächtigen Instrumenten. Es fehlt auch an einer zei…
