Economics, Econometrics and Finance
8 years ago

Is Public Debt Undermining Monetary Policy Objectives?

Edward Elgar Publishing eBooks
The monetary policy outcomes curve: can the size and structure of public debt undermine policy objectives?
Stephanie Bell-Kelton, Rex Ballinger

Paper Summary

The article discusses how many countries changed their monetary policies in the 1990s to lower inflation levels. They moved away from controlling the money supply and focused on adjusting interest rates instead. This shift aimed to meet specific inflation targets.

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