Government Transactions, Money, and Interest Rates

J. C. R. Dow and I. D. Saville

in A Critique of Monetary Policy

Published in print May 1990 | ISBN: 9780198283195
Published online November 2003 | e-ISBN: 9780191596186 | DOI:

Series: Clarendon Paperbacks

 Government Transactions, Money, and Interest Rates

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In this chapter, the area of interest is the public sector. It begins by assessing the major theoretical implications of government action such as government spending and public‐sector debt. It examines the effects of fiscal policy on public debt and interest rates and the role of the state in the issuing of coinage and notes. It concludes with a discussion on fiscal and monetary policy in the UK, and the role of banks in public borrowing.

Keywords: bank loans; fiscal policy; government bonds; government spending; interest rates; monetary policy; public‐sector borrowing; public‐sector debt; public‐sector deficit

Chapter.  7847 words.  Illustrated.

Subjects: Macroeconomics and Monetary Economics

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