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- W4387067013 abstract "Advanced economy central banks face four daunting challenges. First, relearning how to control inflation when some of the main drivers of inflation are unlike anything experienced since the oil price shocks of the 1970s. Second, how to discharge their much-enhanced financial stability roles as lender of last resort and market maker of last resort domestically and, for the Fed and the ECB, internationally. Third, how to create and operate a central bank digital currency and how to address the financial stability challenges created by the fintech and crypto revolutions. Fourth, how to avoid fiscal dominance or fiscal capture and reconcile central bank operational independence in the pursuit of price stability with the central bank’s inescapable role as a fiscal and financial agent of the state. This paper addresses the first and the fourth of these issues." @default.
- W4387067013 created "2023-09-27" @default.
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- W4387067013 date "2023-01-01" @default.
- W4387067013 modified "2023-09-27" @default.
- W4387067013 title "Relearning Inflation Control in the Post-Covid Era" @default.
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- W4387067013 doi "https://doi.org/10.1007/978-3-031-26482-5_12" @default.
- W4387067013 hasPublicationYear "2023" @default.
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