Monetary Finance: Do Not Touch, or Handle with Care?
January 13, 2022
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Summary
This paper reviews the theoretical arguments in favor and against MF and presents an empirical assessment of the risks that it may pose for inflation.
Subject: Financial crises, Financial institutions, Fiscal policy, Inflation, Monetary base, Monetary policy, Money, Prices, Sovereign bonds, Unconventional monetary policies
Keywords: fiscal and monetary coordination, Global, hard-won central bank credibility, Inflation, inflation expectation, liquidity trap, Monetary base, Monetary finance, Sovereign bonds, support well, UMP announcement, UMP program, Unconventional monetary policies
Pages:
47
Volume:
2022
DOI:
Issue:
001
Series:
Departmental Paper No 2022/001
Stock No:
MFDNTHCEA
ISBN:
9781513592541
ISSN:
2616-5333
