An Alternative Model: Stabilizing the Long-Term Interest Rate

Burkhard Wehner ()

Chapter Chapter 2 in Towards the Next Revolution in Central Banking, 2021, pp 19-36 from Springer

Abstract: Abstract The search for a new conception of monetary policy must begin with admitting that monetary theory that derives policy recommendations from traditional variables such as money supply, the current inflation rate, potential output, or even nominal GDP has reached its limit.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-85766-0_2

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DOI: 10.1007/978-3-030-85766-0_2

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