MONETARY POLICY AND GOVERNMENT DEBT MANAGEMENT DURING THE CORONAVIRUS PANDEMIC

William Allen

National Institute Economic Review, 2021, vol. 255, 79-84

Abstract: 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.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:cup:nierev:v:255:y:2021:i::p:79-84_7

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