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← Central bank purchases of government bonds are not bailouts and do not…

17 connected korrents · 12 moments from 1 Jun 2022 to 15 Oct 2026. Nearly all of them are about interest rates and inflation.

Everything filed under government government Everything filed under public debt public debt Everything filed under energy energy Everything filed under quantitative easing quantitative easing Same subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subject Read this korrent: Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. Central bank purchases of government bondsare not bailouts and do not automaticallycause inflation, since they only changethe composition of the consolidatedgovernment's liabilities, not their total. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: Central banks should hold inflation-protected bonds as primary assets — tap to centre the map on it Central banks should holdinflation-protected bonds as primaryassets Last stated 2 weeks ago 1 Oct 2026 JC John H. Cochrane — holds since 2026-10-01 — tap for who they are Same subject: Holding real assets should help central banks control inflation. — tap to centre the map on it Holding real assets should helpcentral banks control inflation. Last stated 2 weeks ago 1 Oct 2026 JC John H. Cochrane — holds since 2026-10-01 — tap for who they are Same subject: Inflation could stay elevated for a while even as the Fed keeps raising rates, because of war-driven costs and AI capital spending. — tap to centre the map on it Inflation could stay elevated for awhile even as the Fed keeps raisingrates, because of war-driven costsand AI capital spending. Last stated 3 weeks ago 27 Sept 2026 BC Ben Carlson — holds since 2026-09-27 — tap for who they are Same subject: Judging by output kept near potential despite weak private demand, Japan's decades of high debt and low inflation reflect a qualified policy success, not failure. — tap to centre the map on it Judging by output kept nearpotential despite weak privatedemand, Japan's decades of high debtand low inflation reflect aqualified policy success, notfailure. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: Raising interest rates cannot meaningfully cool inflation when structural fiscal deficits, not private-sector lending, are its main driver. — tap to centre the map on it Raising interest rates cannotmeaningfully cool inflation whenstructural fiscal deficits, notprivate-sector lending, are its maindriver. Last stated 2 years ago 8 Jan 2025 LA Lyn Alden — holds since 2025-01-08 — tap for who they are Same subject: Rising diesel prices are even more likely than rising gasoline prices to drive up interest rates. — tap to centre the map on it Rising diesel prices are even morelikely than rising gasoline pricesto drive up interest rates. Last stated 4 weeks ago 21 Sept 2026 PK Paul Krugman — holds since 2026-09-21 — tap for who they are Same subject: The Fed's odds of threading the needle and getting inflation back down to target while avoiding a recession get much lower — tap to centre the map on it The Fed's odds of threading theneedle and getting inflation backdown to target while avoiding arecession get much lower Last stated 3 days ago 15 Oct 2026 BD Brad DeLong — holds since 2026-10-15 — tap for who they are Same subject: The Federal Reserve will keep raising interest rates as long as inflation stays above target and economic growth remains strong. — tap to centre the map on it The Federal Reserve will keepraising interest rates as long asinflation stays above target andeconomic growth remains strong. Last stated 3 weeks ago 27 Sept 2026 BC Ben Carlson — holds since 2026-09-27 — tap for who they are Same subject: A ban on self-recursive improvement in AI models would create a big incentive for some other parts of the world to invest a lot more in compute. — tap to centre the map on it A ban on self-recursive improvementin AI models would create a bigincentive for some other parts ofthe world to invest a lot more incompute. Last stated 4 weeks ago 22 Sept 2026 TC Tyler Cowen — holds since 2026-09-22 — tap for who they are Same subject: A broken criminal justice institution survives precisely because it serves the people who run it. — tap to centre the map on it A broken criminal justiceinstitution survives preciselybecause it serves the people who runit. Last stated 2 months ago 1 Sept 2026 RB Radley Balko — holds since 2026-09-01 — tap for who they are Same subject: A candidate's political success is increasingly disconnected from their actual record of accomplishment. — tap to centre the map on it A candidate's political success isincreasingly disconnected from theiractual record of accomplishment. Last stated 2 months ago 31 Aug 2026 DD Daniel W. Drezner — holds since 2026-08-31 — tap for who they are Same subject: Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals. — tap to centre the map on it Since the Global Financial Crisis,unconventional monetary policy hasbecome the dominant force drivingasset prices, more thanfundamentals. Last stated 2 years ago 24 Sept 2024 LA Lyn Alden — holds since 2024-09-24 — tap for who they are Same subject: Canceling government bonds held by a central bank creates no fiscal space, because the reduction in government interest payments is exactly offset by an equal reduction in the profits the central bank remits to the government. — tap to centre the map on it Canceling government bonds held by acentral bank creates no fiscalspace, because the reduction ingovernment interest payments isexactly offset by an equal reductionin the profits the central bankremits to the government. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate aself-fulfilling ('sunspot') debtcrisis simply by credibly committingto buy as many bonds as needed atthe low interest rate. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. — tap to centre the map on it A government debt crisis ismeasurable and therefore visiblewell in advance; the diagnostic ismechanical rather than a matter ofjudgement. Last stated 2 months ago 21 Aug 2026 RD Ray Dalio — holds since 2026-08-21 — tap for who they are Same subject: Assessing whether government debt is sustainable is as much an art as a science. — tap to centre the map on it Assessing whether government debt issustainable is as much an art as ascience. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: Government borrowing through the financial crisis and the pandemic was a good trade, because it repaired household balance sheets. — tap to centre the map on it Government borrowing through thefinancial crisis and the pandemicwas a good trade, because itrepaired household balance sheets. Last stated 2 months ago 28 Aug 2026 BC Ben Carlson — holds since 2026-08-28 — tap for who they are
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At the centre Central bank purchases of government bonds are not bailouts and do not automatically cause inflation, since they only change the composition of the consolidated government's liabilities, not their total. Last stated 1 Jun 2022 · 4 years ago Holds Olivier Blanchard Read this korrent →