Starting with a blank slate, how could one design the institutions of a central bank for the United States? This paper explores the question of how to design a central bank, drawing on the relevant economic literature and historical experiences while staying free from concerns about how the Fed got to be what it is today or the short-term political constraints it has faced at various times. The goal is to provide an opinionated overview that puts forward the trade-offs associated with different choices and identifies areas where there are clear messages about optimal central bank design.
机构:
Monash Univ, Fac Business & Econ, Caulfield, Vic 3145, Australia
Cent Bank Sri Lanka, Colombo 01, Sri LankaMonash Univ, Fac Business & Econ, Caulfield, Vic 3145, Australia
Perera, Anil
Ralston, Deborah
论文数: 0引用数: 0
h-index: 0
机构:
Monash Univ, Fac Business & Econ, Caulfield, Vic 3145, Australia
Australian Ctr Financial Studies, Melbourne, Vic 3000, AustraliaMonash Univ, Fac Business & Econ, Caulfield, Vic 3145, Australia
Ralston, Deborah
Wickramanayake, Jayasinghe
论文数: 0引用数: 0
h-index: 0
机构:
Monash Univ, Fac Business & Econ, Caulfield, Vic 3145, AustraliaMonash Univ, Fac Business & Econ, Caulfield, Vic 3145, Australia
机构:
Monash Univ, Fac Business & Econ, Caulfield, Vic 3145, Australia
Cent Bank Sri Lanka, Colombo 01, Sri LankaMonash Univ, Fac Business & Econ, Caulfield, Vic 3145, Australia
Perera, Anil
Ralston, Deborah
论文数: 0引用数: 0
h-index: 0
机构:
Monash Univ, Fac Business & Econ, Caulfield, Vic 3145, Australia
Australian Ctr Financial Studies, Melbourne, Vic 3000, AustraliaMonash Univ, Fac Business & Econ, Caulfield, Vic 3145, Australia
Ralston, Deborah
Wickramanayake, Jayasinghe
论文数: 0引用数: 0
h-index: 0
机构:
Monash Univ, Fac Business & Econ, Caulfield, Vic 3145, AustraliaMonash Univ, Fac Business & Econ, Caulfield, Vic 3145, Australia