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

Ayushi Bajaj; Gaurav Datt

doi:10.1007/s41775-020-00090-6

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

Ayushi Bajaj, Gaurav Datt

Research output: Contribution to journal › Article › Research › peer-review

7 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 language	English
Pages (from-to)	S149-S160
Number of pages	12
Journal	Indian Economic Review
Volume	55
DOIs	https://doi.org/10.1007/s41775-020-00090-6
Publication status	Published - Nov 2020

Keywords

Deficit monetization
Monetary policy
Debt management
Covid-19 fiscal response

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10.1007/s41775-020-00090-6

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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.",

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AB - 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.

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KW - Monetary policy

KW - Debt management

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SP - S149-S160

JO - Indian Economic Review

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ER -

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

Abstract

Keywords

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