Cross stimulus - a whole-economic monetary policy tool
Cross stimulus Cross stimulus is suggested as a whole-economic (as opposed to macro-economic) moneteray policy tool. It crosses the boundaries of nation state that are typically associated with macro-economic tools to allow confidence in one nation state to stimulate economic growth and infrastructure spending in a second nation state at little or no cost to the first nation state. Monetary policy line items Cash - a numeric value that is a legacy of the requirement to deliver physical tokens such as gold, coin or paper in order to facilitate transactions. Liabilities as gilts - contractual government debt that promises to repay coupons and principal at some fixed rate, time and end date (where perpetuals are not considered.) Sovereign self-issued debt contracts as assets - previously created debt contracts that contain within them a promised receipt of future coupon and principal payments. Created by the central bank itself. Other entity (e.g. corporate) debt co...