Bøger af Burkhard Wehner

This book critically explores past and present principles of central banking, and outlines a new framework for future stabilization policy. Through compact and concise chapters, it demonstrates why a constant long-term interest rate would be the most beneficial target for monetary policy to follow. A novel set of policy tools and institutional arrangements suitable to reliably meet this target are developed.It is argued that the proposed framework would be clearly superior to conventional policies in preventing financial market crises, maintaining high employment, and keeping the economy at or near potential. The merits and shortcomings of alternative theories such as Modern Monetary Theory are also discussed.This book will be relevant to researchers and policymakers as well as professional investors, analysts, and commentators of financial markets and the economy at large.

This book adopts a long-term perspective to consider political self-determination, peacekeeping and the creation of political meaning.

How, where and when can a universal basic income be put into political practice? This book discusses these questions by analyzing the political logic of a basic income and its controversial political and scientific implications. The author studies the institutions, rules, and decision-making processes of conventional democracies to reveal an institutional framework in which a universal basic income for all citizens could eventually become politically viable. The work addresses a broad range of topics, such as nationwide experiments with a basic income, voters' support for the idea, and the effects of a basic income on business cycles and demographic policies. As such, it will appeal to anyone interested in the preconditions and implications of introducing a universal basic income.