Financing of fiscal response to COVID-19: a pragmatic alternative

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5 Citations (Scopus)

Abstract

As governments around the world, including the Indian government, mount a fiscal response to the Covid-19 crisis, the question of how to finance it has risen to prominence. We argue that the option of the central bank monetizing the additional government debt and then writing it off offers a pragmatic way out.

Original languageEnglish
Pages (from-to)S149-S160
Number of pages12
JournalIndian Economic Review
Volume55
DOIs
Publication statusPublished - Nov 2020

Keywords

  • Deficit monetization
  • Monetary policy
  • Debt management
  • Covid-19 fiscal response

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