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.
|Number of pages||12|
|Journal||Indian Economic Review|
|Publication status||Published - Nov 2020|
- Deficit monetization
- Monetary policy
- Debt management
- Covid-19 fiscal response