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Monetizing the debt

Author

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  • Daniel L. Thornton

Abstract

A more interesting and economically relevant definition of \\"monetizing the debt\\" is based on the Fed's motivation rather than its actions.

Suggested Citation

  • Daniel L. Thornton, 2010. "Monetizing the debt," Economic Synopses, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:fedles:y:2010:n:14
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    Cited by:

    1. Aloys L. Prinz & Hanno Beck, 2021. "Modern Monetary Theory: A Solid Theoretical Foundation of Economic Policy?," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 49(2), pages 173-186, June.
    2. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2015. "Deficit Rules and Monetization in a Growth Model with Multiplicity and Indeterminacy," Working Papers halshs-01199774, HAL.
    3. Belliveau, Stefan, 2012. "Estimates of the fiscal impact multiplier in reduced-form equations," MPRA Paper 37103, University Library of Munich, Germany.
    4. Paul Mercier, 2017. "Public debt, central bank and money: Some clarifications," BCL working papers 108, Central Bank of Luxembourg.
    5. Daniel L. Thornton, 2012. "The Federal Reserve’s response to the financial crisis: what it did and what it should have done," Working Papers 2012-050, Federal Reserve Bank of St. Louis.

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