Public and Private Debt after the Pandemic and Policy Normalization

Thomas Lubik and Felipe Schwartzman

Richmond Fed Economic Brief, 2020, issue 20-06, 6

Abstract: As a result of the COVID-19 pandemic, public debt has increased dramatically and private debt seems likely to increase as well. High indebtedness could influence the effectiveness of monetary policy and lead to political pressure for the Federal Reserve to maintain low interest rates for an extended period of time.

Keywords: public debt; COVID-19; private debts (search for similar items in EconPapers)
Date: 2020
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