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Central banks as fiscal players : the drivers of fiscal and monetary policy space

Buiter, Willem H. - 2021

Persistent link: https://www.econbiz.de/10012298881

Central banks as fiscal players : the drivers of fiscal and monetary policy space

Buiter, Willem H. - 2021

It is well known that the balance sheets of most major central banks significantly expanded in the aftermath of the financial crisis of 2007-2011, but the consequences of this expansion are not well understood. This book develops a unified framework to explain how and why central bank balance...

Persistent link: https://www.econbiz.de/10013272434

Housing wealth isn't wealth

Buiter, Willem H. - 2009

the fundamental value of the house they own exceeds the present discounted value of their planned future consumption of … used in the paper, there is no pure wealth effect on consumption from a change in house prices if this represents a change … in their fundamental value. There is a pure wealth effect on consumption from a change in house prices if this reflects a …

Persistent link: https://www.econbiz.de/10003910124

Government deficits in large open economies : the problem of too little public debt

Buiter, Willem H.; Sibert, Anne C. - 2015

Large and growing levels of public debt in the United States, United Kingdom, Japan and the Euro Area raise new interest in the cross-country effects of a large open economy's deficits. The authors consider a dynamic optimising model with costly tax collection and exogenously given public...

Persistent link: https://www.econbiz.de/10011316577