Goodhart, C. A. E. and Pradhan, Manoj (2024) A turning point for monetary policy. VoxEU.
Full text not available from this repository.Abstract
Monetary policy measures have an effect on public sector debt management, not only quantitative easing/tightening but also the pattern of interest rate changes. As public sector debt ratios rise, the sensitivity of debt management issues to monetary policy decisions will increase. This column explores some of the likely consequences of this by comparing the pattern of official rate changes in the period 1975-1980, when debt management played a major role in the attainment of monetary targets, with the period 2008-2023, when there was no such concern about interactions between debt management and monetary policies.
| Item Type: | Article |
|---|---|
| Official URL: | https://cepr.org/voxeu/columns |
| Additional Information: | © 2024 CEPR |
| Divisions: | Financial Markets Group |
| Subjects: | H Social Sciences > HG Finance H Social Sciences > HB Economic Theory |
| Date Deposited: | 25 Jun 2024 14:06 |
| Last Modified: | 14 Sep 2024 03:58 |
| URI: | http://eprints.lse.ac.uk/id/eprint/123970 |
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