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Interactions Between Sovereign Debt Management and Monetary Policy Under Fiscal Dominance and Financial Instability

This paper argues that serious fiscal vulnerabilities arising from many years of high government debt will create new and complex interactions between public debt management (PDM) and monetary policy (MP). The paper notes that, although their formal mandates have not changed, recent balance sheet po...

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Main Author: Blommestein, Hans.
Corporate Author: OECD iLibrary.
Other Authors: Turner, Philip.
Format: Online
Language:English
Published: Paris : OECD Publishing, 2012.
Series:OECD Working Papers on Sovereign Borrowing and Public Debt Management ; no. 3
Subjects:
Online Access:Online version
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