SORTING OUT MONETARY AND FISCAL POLICIES
Monetary and fiscal policies have both have gone off track. Excessively easy monetary policy, marked by a massive increase in the Federal Reserve's balance sheet and sustained negative real interest rates, has failed to stimulate faster economic growths but has distorted financial behavior and...
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| Veröffentlicht in: | The Cato journal 2018-01, Vol.38 (1), p.171-183 |
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| creator | Levy, Mickey D |
| description | Monetary and fiscal policies have both have gone off track. Excessively easy monetary policy, marked by a massive increase in the Federal Reserve's balance sheet and sustained negative real interest rates, has failed to stimulate faster economic growths but has distorted financial behavior and involves sizable risks. Fiscal policies have resulted in an unhealthy rise in government debt, and projections of dramatic further increases heap burdens on future generations and involve incalculable risks. Monetary and fiscal policies interact in undesirable ways. The Feďs expanded scope of monetary policy has blurred the boundaries with fiscal and credit policies, and the ever-growing government debt may eventually impinge on the Fed and its independence. |
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| identifier | ISSN: 0273-3072 |
| ispartof | The Cato journal, 2018-01, Vol.38 (1), p.171-183 |
| issn | 0273-3072 1943-3468 |
| language | eng |
| recordid | cdi_proquest_journals_2011218200 |
| source | PAIS Index; Worldwide Political Science Abstracts; HeinOnline Law Journal Library; EBSCOhost Business Source Complete; EBSCOhost Political Science Complete; CIAO - Columbia International Affairs Online; EZB Electronic Journals Library |
| subjects | Asset acquisitions Balance sheets Budget deficits Credit policy Economic growth Economic models Fiscal policy GDP Government spending Gross Domestic Product Inflation Interest rates Labor market Medicaid Medicare Monetary policy Mortgage backed securities Productivity Projections Unemployment |
| title | SORTING OUT MONETARY AND FISCAL POLICIES |
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