4 ms·
This paper, with empirical analysis, is another feather in the cap of the growing narrative of "fiscal dominance," that is, how the Fed is less concerned about
by hammock 2y ago
This paper, with empirical analysis, is another feather in the cap of the growing narrative of "fiscal dominance," that is, how the Fed is less concerned about the inflationary impacts of its QE policies, and more focused on accommodating the budget agenda of the government and its ability/facility to service its debt and make interest payments