Articles liés à The Menace of Fiscal QE

The Menace of Fiscal QE - Couverture souple

Selgin, George

 
9781948647939: The Menace of Fiscal QE
Couverture souple
ISBN 10 : 1948647931 ISBN 13 : 9781948647939
Editeur : Cato Institute, 2020

Synopsis

As the Federal Reserve struggles to fulfill its mandate in a world of low and falling interest rates, it faces yet another challenge: that of resisting a new threat to its hard-won independence.

Thanks to crisis-era changes to its operating procedures, the Fed now enjoys practically unlimited powers of quantitative easing (QE): it can buy as many assets as it likes while still controlling inflation. So far, QE has been a weapon for combating recession. But if certain politicians have their way, the Fed may be forced to use it not for macroeconomic purposes but to finance backdoor spending. That's The Menace of Fiscal QE.

In his brief but systematic study, George Selgin reviews the movement favoring fiscal QE, shows how it threatens both the Fed's independence and democratic control of government spending, and counters claims that it offers a low-cost means for financing such spending. Finally, he suggests a way to guard against fiscal QE without limiting the Fed's ability to counter slumps.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Éditeur
Cato Institute
Date d'édition
2020
Langue
anglais
ISBN 10 
1948647931
ISBN 13 
9781948647939
Reliure
Broché
Nombre de pages
126
Coordonnées du fabricant
non disponible
Personne responsable
gpsr@libri.de
gpsr@libri.de

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