Limiting the Economic Fallout of the Coronavirus with Large Targeted Policies

2020-03-18T14:41:03-04:00March 9, 2020|

This blog is part of a special series on the response to the coronavirus.

By Gita Gopinath

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This health crisis will have a significant economic fallout, reflecting shocks to supply and demand different from past crises. Substantial targeted policies are needed to support the economy through the epidemic, keeping intact the web of economic and financial relationships between workers and businesses, lenders and borrowers, and suppliers and end-users for activity to recover once the outbreak fades. The goal is to prevent a […]

The Ties That Bond Us: What Demand For Government Debt Can Tell Us About the Risks Ahead

2017-04-15T14:00:03-04:00January 17, 2013|

It has become apparent in recent years is that advanced economy government bond markets can also experience investor outflows, and associated runs. Our new research shows that advanced economies’ exposure to refinancing risk and changes in government borrowing costs depend mainly on who is holding the bonds— the demand side for government debt. Tracking who owns what, when and for how long can shed some light on potential risks in advanced economies’ government debt markets.
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