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RePEcMacro-Finance & Rates

Government Debt and the Fiscal Channels of Monetary Policy

Analytical framework shows how debt size, composition, and fiscal rules drive three channels—debt service, debt composition, and fiscal cyclicality—that amplify or dampen monetary policy effects.

Featured in No. 138 on 6 Nov 2026 · 4 days after release

Flow diagram showing monetary policy transmission through government budget, fiscal policy, debt holdings to consumption
Figure 3: Visualisation of the fiscal channels of monetary transmission, with the com- ponents of the debt service channel and the debt composition channel in bold.
Released
2 Nov 2026
First featured
No. 138 · 6 Nov 2026
Published in
Not yet, as far as Semantic Scholar knows
Fanfare
2 of 5
Identifier
RePEc:cam:camdae:2683
Authors
S. Lavender

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

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