Threat of Fiscal Dominance? Workshop Summary
12 Pages Posted: 20 Jun 2012
Date Written: May 2012
Abstract
A long period of high public debt-to-GDP ratios will alter the interactions between fiscal policy, monetary policy and government debt management. But opinions differ on exactly how. Four perspectives were explored in this workshop: historical analysis of policies in financial crises; macroeconomic theory; the theory of sovereign debt management; and the quantitative assessment of recent central bank balance sheet policies.
Full publication: Threat of Fiscal Dominance?
Keywords: Monetary policy, central banks, sovereign debt management, policy coordination
JEL Classification: E43, E44, E63, E61
Suggested Citation: Suggested Citation
Moessner, Richhild and Turner, Philip, Threat of Fiscal Dominance? Workshop Summary (May 2012). BIS Paper No. 65a, Available at SSRN: https://ssrn.com/abstract=2078943
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