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Is the Fed monetizing government debt?

Author

Listed:
  • David Andolfatto
  • Li Li

Abstract

Under this latter scenario, the Fed is not monetizing government debt ? it is simply managing the supply of the monetary base in accordance with the goals set by its dual mandate.

Suggested Citation

  • David Andolfatto & Li Li, 2013. "Is the Fed monetizing government debt?," Economic Synopses, Federal Reserve Bank of St. Louis.
  • Handle: RePEc:fip:fedles:y:2013:n:5
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    File URL: http://research.stlouisfed.org/publications/es/13/ES_5_2013-02-01.pdf
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    Cited by:

    1. Jiří Štekláč & Miroslav Titze, 2016. "Udržitelnost dluhového financování státu a její interakce s kvantitativním uvolňováním: případ USA, UK a Japonska v letech 2000-2014 [Government Debt Financing Sustainability and Its Interaction wi," Politická ekonomie, Prague University of Economics and Business, vol. 2016(3), pages 293-318.
    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. Andrea Terzi, 2014. "When Good Intentions Pave the Road to Hell: Monetization Fears and Europe's Narrowing Options," Economics Working Paper Archive wp_810, Levy Economics Institute.
    4. Çakmaklı, Cem & Demiralp, Selva & Özcan, Şebnem Kalemli & Yeşiltaş, Sevcan & Yıldırım, Muhammed A., 2023. "COVID-19 and emerging markets: A SIR model, demand shocks and capital flows," Journal of International Economics, Elsevier, vol. 145(C).

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