1/
Interesting Paper from @blackrock from June 2019
Relates to the need for monetary policy in coordination with fiscal
#monetarypolicy #fiscalpolicy #Fed #economics
#bitcoin #BTC #inflation
blackrock.com/corporate/lite…
Interesting Paper from @blackrock from June 2019
Relates to the need for monetary policy in coordination with fiscal
#monetarypolicy #fiscalpolicy #Fed #economics
#bitcoin #BTC #inflation
blackrock.com/corporate/lite…
2/
"An extreme form of “going direct” would be an explicit and permanent monetary financing of a fiscal expansion, or so-called helicopter money. Explicit monetary financing in sufficient size will push up inflation."
"An extreme form of “going direct” would be an explicit and permanent monetary financing of a fiscal expansion, or so-called helicopter money. Explicit monetary financing in sufficient size will push up inflation."
3/
"Without explicit boundaries, however, it would undermine institutional credibility and could lead to uncontrolled fiscal spending."
"Without explicit boundaries, however, it would undermine institutional credibility and could lead to uncontrolled fiscal spending."
4/
"Unprecedented policies will be needed to respond to the next economic downturn. Monetary policy is almost exhausted as global interest rates plunge towards zero or below. "
"Unprecedented policies will be needed to respond to the next economic downturn. Monetary policy is almost exhausted as global interest rates plunge towards zero or below. "
5/
"Fiscal policy on its own will struggle to provide major stimulus in a timely fashion given high debt levels and the typical lags with implementation. "
"Fiscal policy on its own will struggle to provide major stimulus in a timely fashion given high debt levels and the typical lags with implementation. "
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