Threat of Fiscal Dominance? Workshop Summary

A long period of high public debt-to-GDP ratios will alter the interactions between fiscal policy, monetary policy and government debt management. But opinions differ on exactly how. Four perspectives were explored in this workshop: historical analysis of policies in financial crises; macroeconomic theory; the theory of sovereign debt management; and the quantitative assessment of recent central bank balance sheet policies.Full publication: "http://ssrn.com/abstract=2078895" Threat of Fiscal Dominance?