Fiscal Policy under Low Interest Rates

• Main Author: Blanchard, Olivier (auth)
• Format: Electronic Book Chapter
• Language: English
• Published: Cambridge The MIT Press 2022
• Series: The MIT Press
• Subjects: Macroeconomics; Monetary economics; Political economy; Central / national / federal government policies
• Online Access: DOAB: download the publication; DOAB: description of the publication

Rethinking fiscal and monetary policy in an economic environment of high debt and low interest rates. Policy makers in advanced economies find themselves in an unusual fiscal environment: debt ratios are historically high, and-once the fight against inflation is won-real interest rates will likely b...