Goodhart, Charles
(2017)
The optimal size for central bank balance sheets.
Central Banking, XXVIII (2).
pp. 128-135.
ISSN 0960-6319
Full text not available from this repository.
Abstract
Unlike other facets of monetary policy renormalisation, there has been little discussion yet of what principles should determine the optimum size of a Central Bank’s balance sheet, the end-point to which on-going portfolio reductions should approach. In this note I start by addressing the arguments of those who would leave this balance sheet very large, much as now; and then continue with the counter-arguments, also stressing the nature of the relationships between monetary and fiscal policies, and between the Central Bank and the Treasury’s Debt Management Office.
| Item Type: |
Article
|
| Official URL: |
https://www.centralbanking.com/source/central-bank... |
| Additional Information: |
© 2017 Central Banking Publications |
| Divisions: |
Financial Markets Group |
| Subjects: |
H Social Sciences > HG Finance |
| JEL classification: |
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E50 - General
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy (Targets, Instruments, and Effects)
E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook > E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization
H - Public Economics > H6 - National Budget, Deficit, and Debt > H63 - Debt; Debt Management |
| Date Deposited: |
04 Jan 2018 14:02 |
| Last Modified: |
12 Dec 2024 01:36 |
| URI: |
http://eprints.lse.ac.uk/id/eprint/86380 |
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