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

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 pragmat...

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Detalles Bibliográficos
Autores principales: Bajaj, Ayushi, Datt, Gaurav
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer India 2020
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7411267/
https://www.ncbi.nlm.nih.gov/pubmed/32836355
http://dx.doi.org/10.1007/s41775-020-00090-6
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author Bajaj, Ayushi
Datt, Gaurav
author_facet Bajaj, Ayushi
Datt, Gaurav
author_sort Bajaj, Ayushi
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description 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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spelling pubmed-74112672020-08-07 Financing of fiscal response to COVID-19: a pragmatic alternative Bajaj, Ayushi Datt, Gaurav Indian Econ Rev Article 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. Springer India 2020-08-07 2020 /pmc/articles/PMC7411267/ /pubmed/32836355 http://dx.doi.org/10.1007/s41775-020-00090-6 Text en © Editorial Office, Indian Economic Review 2020 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Article
Bajaj, Ayushi
Datt, Gaurav
Financing of fiscal response to COVID-19: a pragmatic alternative
title Financing of fiscal response to COVID-19: a pragmatic alternative
title_full Financing of fiscal response to COVID-19: a pragmatic alternative
title_fullStr Financing of fiscal response to COVID-19: a pragmatic alternative
title_full_unstemmed Financing of fiscal response to COVID-19: a pragmatic alternative
title_short Financing of fiscal response to COVID-19: a pragmatic alternative
title_sort financing of fiscal response to covid-19: a pragmatic alternative
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7411267/
https://www.ncbi.nlm.nih.gov/pubmed/32836355
http://dx.doi.org/10.1007/s41775-020-00090-6
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