Embedding public-value principles into fiscal, monetary, and multilateral frameworks.
Today’s fiscal and monetary frameworks remain rooted in siloed mandates: central banks focus on inflation-targeting and financial stability, while treasuries chase growth and balance-sheet health. Coordination often comes only in crisis—think G20 communiqués after a downturn—leaving spillovers unchecked and policy gaps exploited. Currency swings, debt‐service shocks, and divergent stimulus packages create clear winners and losers: export-oriented economies benefit, import-dependent ones struggle; highly leveraged firms thrive on cheap credit, while households and SMEs bear the risk of rate hikes.
Public Value Architecture embeds shared-value metrics into every stage of policy design, aligning fiscal, monetary, and trade frameworks around capture, circulation, and contribution. Rather than waiting for crises, policy corridors and automatic triggers operate in real time—keeping universal dividends, procurement backstops, and liquidity lines in sync across borders. Member nations adopt common standards for data-use royalties, carbon rents, and land-value contributions, then channel those revenues into global venture funds, resilience bonds, and coordinated procurement networks. The result is a system where central banks, finance ministries, and trade bodies speak the same public-value language—and deliver outcomes that lift all communities, not just selected sectors.
If we cling to today’s playbook, technological leaps in AI, automation, and digital goods will amplify asymmetries—accelerating concentration of gains while social safety nets buckle under debt and inflation pressures. Winners will hoard liquidity, losers will face rising costs, and systemic fractures could trigger cascading failures across banking, trade, and supply chains. To avert a cycle of collapse—where there are no winners, only deeper crises—we must rewrite fiscal and monetary policies now. By embedding public-value triggers, shared revenue rules, and real-time coordination into global governance, we ensure that a resilient, inclusive, and sustainable global economy emerges—one in which prosperity circulates, shocks are absorbed, and every community moves forward together.
Central banks and public-value authorities work hand-in-hand to stabilize aggregate demand and preserve price stability:
To integrate public-value reforms into global trade and finance, we propose:
Experimentation at scale will refine and legitimize these reforms. Initial pilots include:
Global coordination of fiscal and monetary policy is not optional—it’s the backbone of a resilient Public Value Architecture. By aligning central banks, trade bodies, and multilateral institutions around shared-value goals, we create a stable, fair, and innovative global financial system. Prosperity circulates, crises subside, and every community benefits.