Government Debt Management at Low Interest Rates
17 Pages Posted: 29 Jul 2012
Date Written: June 8, 2009
Debt management can be used at low interest rates to lower bond yields, to provide bank assets and thereby help maintain broad money growth, or to save on interest payments. The US example in the 1930s and the recent Japanese case suggest that this tool was not fully exploited in either case.
JEL Classification: E5, E51, E52, E58, E6, E61, E63, E65, H63
Suggested Citation: Suggested Citation