New tasks for central bankers

Authors

  • A.E. JASAY

DOI:

https://doi.org/10.13133/2037-3643/11934

Keywords:

Central banking, fiscal policy, monetary policy

Abstract

Before the vast expansion of public sector operations, fiscal policy was not fully understood and not very relevant. Managing the internal activity and the external balance was only possible through monetary policy. Today, monetary policy is instead taken to officially confirm private guesses about the economy or even to be of little consequence all together. The article considers three main reasons why the economy has become considerably more stable, and why monetary policy may have a less direct impact than in the past.

 

JEL: E52, E58, E62

Downloads

How to Cite

JASAY, A. (2014). New tasks for central bankers. PSL Quarterly Review, 13(54). https://doi.org/10.13133/2037-3643/11934

Issue

Vol. 13 No. 54 (1960)

Section

Editorial

License

 
 
Licenza Creative Commons
 
All material in this website and every article published by the Review are licensed under a Creative Commons Attribution - Non commercial - No derivates 4.0 International license.
The authors who publish on this journal maintain all rights on their works without any restrictions.