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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP12272 |
DP12272 A Central Bank’s Optimal Balance Sheet Size? | |
Charles A. E. Goodhart | |
发表日期 | 2017-09-05 |
出版年 | 2017 |
语种 | 英语 |
摘要 | Unlike other facets of monetary policy renormalisation, there has been little discussion yet of what principles should determine the optimum size of a Central Bank’s balance sheet, the end-point to which on-going portfolio reductions should approach. In this note I start by addressing the arguments of those who would leave this balance sheet very large, much as now; and then continue with the counter-arguments, also stressing the nature of the relationships between monetary and fiscal policies, and between the Central Bank and the Treasury’s Debt Management Office. |
主题 | Monetary Economics and Fluctuations |
关键词 | Qe Monetary policy renormalisation Liquidity Debt management Interest rate risk Auction risk Central bank balance sheet |
URL | https://cepr.org/publications/dp12272 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541083 |
推荐引用方式 GB/T 7714 | Charles A. E. Goodhart. DP12272 A Central Bank’s Optimal Balance Sheet Size?. 2017. |
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