Download This PaperCentral Bank Operations in Government Securities during the Pandemic
6 Pages Posted: 16 Apr 2020
Date Written: April 9, 2020
Abstract
With economic activity severely disrupted by the coronavirus crisis, many governments have been supporting peoples’ incomes and keeping businesses alive by means of income support programmes financed by borrowing. This paper describes how the borrowing is being done in the United States and the United Kingdom, and how central banks are in practice managing not just short-term interest rates but also yields on government bonds.
Keywords: central bank operations, government bonds
JEL Classification: E52, E58
Suggested Citation: Suggested Citation
Allen, William A., Central Bank Operations in Government Securities during the Pandemic (April 9, 2020). Available at SSRN: https://ssrn.com/abstract=3576427 or http://dx.doi.org/10.2139/ssrn.3576427
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