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

IF 0.6 Q2 Economics, Econometrics and Finance

Indian Economic Review Pub Date : 2020-01-01 DOI:10.1007/s41775-020-00090-6

Ayushi Bajaj, Gaurav Datt

引用次数: 3

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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财政应对COVID-19的融资:一个务实的替代方案。

随着包括印度政府在内的世界各国政府对新冠肺炎危机采取财政应对措施，如何为其提供资金的问题已成为突出问题。我们认为，央行将额外的政府债务货币化，然后一笔勾销的选择提供了一个务实的出路。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Indian Economic Review Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)

CiteScore

2.10

自引率

0.00%

发文量

期刊介绍： The Indian Economic Review aims to provide a platform for dissemination of innovative research in economics that employs theoretical and empirical approaches. Original research in all areas of economics is welcome. These areas include but are not limited toAgricultural and resource economics Behavioural economics Development economics Economic theory Economics of health and education Environmental economics Experimental economics Game theory Industrial organisation International trade and finance Law and economics Macro and monetary economics Poverty and inequality