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The book critically examines the evolution of central banking principles and proposes a new stabilization policy framework. It argues for a constant long-term interest rate as the ideal target for monetary policy, presenting a novel set of policy tools and institutional arrangements designed to achieve this goal effectively. Through concise chapters, it aims to provide a fresh perspective on monetary policy and its future direction.
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Towards the Next Revolution in Central Banking, Burkhard Wehner
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- Année de publication
- 2021
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