Monetary policy and government debt dynamics with commitment / by Dmitry Matveev.: FB3-5/2019-52E-PDF
"It is well known that the global economic downturn of 2008–2009 and subsequent fiscal stimulus left many advanced economies with unprecedented levels of government debt. It is also well known that monetary policy plays an important role in government debt dynamics. This creates concerns that central banks might use their influence over inflation and the price of government bonds to reduce the burden of government debt. Moreover, such policy bias is more likely to emerge when a central bank conducts policy period by period without binding itself to a preset course of actions. This paper examines the validity of such concerns"--page 1.
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | Monetary policy and government debt dynamics with commitment / by Dmitry Matveev. |
| Series title | Bank of Canada staff working paper, 1701-9397 ; 2019-52 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "December 2019." Includes bibliographical references (pages 30-33). |
| Publishing information | Ottawa : Bank of Canada, 2019. ©2019 |
| Author / Contributor | Matveev, Dmitry, author. |
| Description | 1 online resource (ii, 50 pages) : figures. |
| Catalogue number |
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| Subject terms | Monetary policy -- Mathematical models. Debts, Public. Politique monétaire -- Modèles mathématiques. Dettes publiques. |
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