That era is over. Since Covid, we have entered a new regime: fiscal dominance. Government spending, deficits and balance sheets now overwhelm the power of central banks. In this world, it is Congress ...

As the national conversation around fiscal responsibility gains momentum, Yardeni Research President Ed Yardeni has offered ...

Bank Indonesia (BI) recently announced the continuation of its burden sharing scheme with the government and has purchased 200 trillion rupiah (US$12bil) worth of government bonds on the primary ...

Classic economics defines three primary sources of government funding: taxation, debt, and inflation. To tax is to levy fees on income, sales, property, and other activities to raise revenue for ...

This paper explores the positive and normative consequences of government bond issuances in a New Keynesian model with heterogeneous agents, focusing on how the stock of government bonds affects the ...

A former head of a Federal Reserve Bank says the Fed's independence from politics is "one of the foundational elements of a well-run economy." "The benefits of independence stem from the fact that the ...

Discussions at the Bank of Mongolia’s recent international conference marking its centennial highlighted an important policy issue: how to better align monetary and fiscal policies to tackle high ...

Emerging Markets Finance & Trade, Vol. 55, No. 13, Special Issue: Symposium: Chinese Derivatives Markets (2019), pp. 3112-3130 (19 pages) This study examines the relationship between bond fund flows, ...

China's leaders on Monday pledged "more proactive" fiscal measures and "moderately" looser monetary policy next year to boost domestic consumption, according to an official readout of a key policy ...