concerns without compromising price stability. One option is financial repression which, despite associated distortions, can … create some fiscal space while preserving price stability. Financial repression is a feature of quantitative easing, which …

regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most … percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit …High public debt often produces the drama of default and restructuring. But debt is also reduced through financial …