Interactions Between Sovereign Debt Management and Monetary Policy Under Fiscal Dominance and Financial Instability
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper argues that serious fiscal vulnerabilities arising from many years of high government debt will create new and complex interactions between public debt management (PDM) and monetary policy (MP). The paper notes that, although their formal mandates have not changed, recent balance sheet policies of many Central Banks (CBs) have tended to...
