{"title":"COMMENTARY: QUANTITATIVE TIGHTENING: PROTECTING MONETARY POLICY FROM FISCAL ENCROACHMENT","authors":"William A. Allen, J. Chadha, Philip Turner","doi":"10.1017/nie.2021.27","DOIUrl":null,"url":null,"abstract":"The paper advocates a reallocation of central bank assets towards easier-to-sell securities, so as to facilitate a tightening of monetary policy when needed, and descries how such a tightening might be carried out.","PeriodicalId":45594,"journal":{"name":"National Institute Economic Review","volume":"257 1","pages":"1 - 8"},"PeriodicalIF":1.2000,"publicationDate":"2021-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"6","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"National Institute Economic Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1017/nie.2021.27","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 6
Abstract
The paper advocates a reallocation of central bank assets towards easier-to-sell securities, so as to facilitate a tightening of monetary policy when needed, and descries how such a tightening might be carried out.
期刊介绍：
The National Institute Economic Review is the quarterly publication of the National Institute of Economic and Social Research, one of Britain"s oldest and most prestigious independent research organisations. The Institutes objective is to promote, through quantitative research, a deeper understanding of the interaction of economic and social forces that affect peoples" lives so that they may be improved. It has no political affiliation, and receives no core funding from government. Its research programme is organised under the headings of Economic Modelling and Analysis; Productivity; Education and Training and the International Economy.
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