Briefing

Public and Private Debt after the Pandemic and Policy Normalization


Abstract: As a result of the COVID-19 pandemic, public debt has increased dramatically and private debt seems likely to increase as well. High indebtedness could influence the effectiveness of monetary policy and lead to political pressure for the Federal Reserve to maintain low interest rates for an extended period of time.

Keywords: public debt; COVID-19; private debt;

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File(s): File format is text/html https://www.richmondfed.org/publications/research/economic_brief/2020/eb_20-06
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Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Richmond Fed Economic Brief

Publication Date: 2020-05

Issue: 20-06

Pages: 6