Monetary policy and government debt management during the coronavirus pandemic
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Pub. Date
16 March, 2021
Pub. Type
External Authors
This paper describes how the large budget deficits of 2020 in the United States and the United Kingdom were financed, how central banks are in practice managed not just short-term interest rates but also yields on government bonds, and how their ability to resist a post-coronavirus surge in inflation has been compromised.
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