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The need to issue long-dated gilts

Goodhart, C. A. E. and Needham, Duncan (2020) The need to issue long-dated gilts. VoxEU (16 May 2020). Blog Entry.

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Abstract

The COVID-19 crisis presents a multi-faceted challenge to policymakers. A combination of declining commodity prices, the rise in unemployment, and emergency state spending are all set to create challenging economic conditions, even as the pandemic itself subsides. This column argues that one mechanism that could help control long-run inflation levels is the issuance of long-dated gilts. This would also help to protect the young and unborn generations from the threat of resurgent inflation, which could lead to a massive rise in their future debt service requirements.

Item Type: Online resource (Blog Entry)
Official URL: https://voxeu.org/
Additional Information: © 2020 The Author(s)
Divisions: Financial Markets Group
Subjects: H Social Sciences > HJ Public Finance
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
Date Deposited: 04 Jun 2020 09:45
Last Modified: 07 Jul 2020 23:22
URI: http://eprints.lse.ac.uk/id/eprint/104725

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