Perhaps it is time for central banks to shift their focus from inflation control and optimization -as they did from interest rates control to inflation control- to GDP per capita growth control, or even more relevant to population well being, to consumption per capita control, essentially through money supply control and currency harmonization trending to a single currency world where such control would be exercised through a World Central Bank akin to the International Monetary Fund, with bank financing extended throughout the globe through traditional banking and investment banking mechanisms. This global banking reform would occur in the context of a parallel global education reform aimed at voluntary population control through reproductive self-control and global warming control, and a parallel global tax reform aimed at consumption and wealth harmonization, by ensuring a universal minimum consumption level compatible with human dignity through global tax reform and the establishment of a single tax system -a consumption tax- and top-down direct tax revenue redistribution.



Hopefully, some relevant ideas can be gleaned from articles posted on my Acadmia. edu site:



https://independent.academia.edu/EnriqueWollBattistini



[Thinking out-of-the-box, and confessing my ignorance of economic modeling alternatives, my U.S. college training as an electrical engineer in the sixties, included linear systems modeling and analysis and electronics, which led me to believe -perhaps naively- that the electric circuit component equivalents in the economy -such as workers, funds, banks, corporations in industry, agriculture, education, and health, to name a few, and governmental institutions- could perhaps be modeled and optimized through the application of the mathematical techniques employed in electrical engineering to design and optimize electrical circuits, where the flow of electrons, and electrical charge, in the circuits, would be analogous to the flow of funds and the accumulation of wealth -and power- in society.]