The lines between monetary and fiscal policy have blurred
In an era of high debt, it may be difficult for central banks to act without considering the knock-on effects for government
Related reading
Investors warn of ‘new era of fiscal dominance’ in global markets
Combination of record government debt and rising borrowing costs puts central banks under pressure
It’s time to sound the alarm on growing fiscal and financial risk
Rising public debt is one concern — another is how it is being financed
I can take or leave central bank independence, frankly
It makes no difference to growth and policymakers are always in hock to someone
Faultlines in financial system could be exposed by regulatory arbitrage
Policymakers and banking industry should push for convergence on rules
The bond market maths does not add up for governments
Higher yields look probable, forcing countries to pay more to fund their ever-growing deficits
Beware populist economics
History suggests the political approach ends in unsustainable debt and lower GDP