coordinating public debt management with fiscal and monetary policies: an analytical framework

coordinating public debt management with fiscal and monetary policies: an analytical framework
Author :
Publisher : World Bank Publications
Total Pages : 37
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Rating : 4/5 ( Downloads)

Book Synopsis coordinating public debt management with fiscal and monetary policies: an analytical framework by : Eriko Togo

Download or read book coordinating public debt management with fiscal and monetary policies: an analytical framework written by Eriko Togo and published by World Bank Publications. This book was released on 2012 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a sovereign asset and liability management framework for analyzing the inter-relationships between debt management, fiscal and monetary policies. It illustrates the consequences of uncoordinated policy mix and extends Sargent and Wallace (1981 and 1993) by including debt management. Examples of policy games played by fiscal, monetary, and debt management authorities reinforce the importance of policy separation and coordination to prevent domination by one authority over another which could lead to inconsistent policy mix.


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