Tsintzos, Panagiotis; Efthimiadis, Tilemahos; … - In: Review of Economic Analysis : REA 15 (2023) 2, pp. 127-137
a theoretical monetary policy game, we show that it is welfare improving to delegate public debt management to an …We explore the links between credit expansion, inflation, and inflation expectations, and show that active public debt … management can trigger a non-interest rate channel of credit expansion. This creates incentives for the government to use debt …