TYPO: Fed policy of accomodating federal debt issues?

Rakesh Bhandari bhandari at phoenix.Princeton.EDU
Wed Mar 29 12:10:48 PST 2000


Oops typo. I meant federal government's debt, not Fed's interest bearing debt

On Wed, 29 Mar 2000, Rakesh Bhandari wrote:


> Below the economist Wallis refers to the abandonment of the Federal
> Reserve Bank's policy of accomodating federal debt issues in the late
> 1970s. Would someone kindly tell me what that policy was and how it
> worked? Is this a reference to the monetization of the FED GOVT's DEBT
> and how does that work? The rudiments are fine or any
> reading recommendation would be appreciated.



More information about the lbo-talk mailing list