Debt and monetary policy: comments on Jagjit S Chadha, Luisa Corrado and Jack Meaning's paper 'Reserves, liquidity and money: an assessment of balance sheet policies', and further thoughts

摘要

This speech is included in a collection of the speeches, background papers and presentations from a conference on "Central bank balance sheets in Asia and the Pacific: the policy challenges ahead". The event was co-hosted by the Bank of Thailand (BOT) and the Bank for International Settlements (BIS) and was held on 12-13 December 2011 in Chiang Mai, Thailand. Senior officials from central banks, as well as academic scholars and economists from the BIS attended the conference.