For here a benevolent authority, concerned only with maximizing social welfare, is led inadvertently to engage in undesirable levels of debt monetization
FX UpdateThe main theme this quarter has been competitive devaluation, which was kicked off when the Bank of England announced its debt monetization
5) Debt monetization
by the Federal Reserve implies that we must include nominal debt (B) in the base money (H) reaction function.
OTSU, Japan - Bank of Japan Policy Board member Tadao Noda said Thursday the central bank needs to be ''careful'' about increasing its buying of government bonds as there is a ''risk'' that the BOJ's purchase may be mistaken for debt monetization
and lead to an unreasonable increase in long-term interest rates.