Argentina Is a Textbook Case of ‘Fiscal Dominance’
https://www.wsj.com/economy/central-banking/argentina-is-a-textbook-case-of-fiscal-dominance-bc1bc5d9
Some wonder whether U.S. deficits could similarly fuel inflation; it all depends on the Fed
https://www.wsj.com/economy/central-banking/argentina-is-a-textbook-case-of-fiscal-dominance-bc1bc5d9
Some wonder whether U.S. deficits could similarly fuel inflation; it all depends on the Fed
Why the debate around global debt will not disappear any time soon
https://www.telegraph.co.uk/business/2023/11/26/debate-around-global-debt-will-not-disappear-soon/
https://www.telegraph.co.uk/business/2023/11/26/debate-around-global-debt-will-not-disappear-soon/
My take from August: Fitch’s downgrade of US debt wasn’t a mistake — it was long overdue
https://thehill.com/opinion/finance/4138215-fitchs-downgrade-wasnt-a-mistake-it-was-long-overdue/
Investors should not underestimate the potential for fiscal dominance of monetary policy. As Markus Brunnermeir recently noted, “Central banks would like to hike interest rates to rein in inflation, whereas governments hate higher interest expenses. They would prefer that central banks cooperate by monetizing their debt — that is, by purchasing government securities private investors won’t buy.”
Related:
https://thehill.com/opinion/finance/3965613-americas-long-term-fiscal-sustainability-challenge/