Recent Rise in Federal Government and Federal Reserve Liabilities--Antidote to a Speculative Hangover
AbstractFederal government and Federal Reserve (Fed) liabilities rose sharply in 2008. Who holds these new liabilities, and what effects will they have on the economy? Some economists and politicians warn of impending inflation. In this new Strategic Analysis, the Levy Institute's Macro-Modeling Team focuses on one positive effect--a badly needed improvement of private sector balance sheets--and suggest some of the reasons why it is unlikely that the surge in Fed and federal government liabilities will cause excessive inflation.
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Bibliographic InfoPaper provided by Levy Economics Institute, The in its series Economics Strategic Analysis Archive with number sa_apr_09_2.
Date of creation: Apr 2009
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Web page: http://www.levyinstitute.org
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-04-18 (All new papers)
- NEP-CBA-2009-04-18 (Central Banking)
- NEP-MAC-2009-04-18 (Macroeconomics)
- NEP-PKE-2009-04-18 (Post Keynesian Economics)
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- Canale, Rosaria Rita, 2011. "Default risk and fiscal sustainability in PIIGS countries," MPRA Paper 32215, University Library of Munich, Germany.
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