Analysis – Monetary policy and the value of the public debt

Gerald Holtham, John Llewellyn

Llewellyn Consulting
April 23, 2021

Pressure is set to mount on governments to start to reduce their national debt
Yet paradoxically US and UK post-crisis monetary policy practice stands to increase it
Changes in the operating procedures of these two central banks seem likely
One way could be sterilisation of some...

Become a member to read the rest of this article

Subscribe to receive updates from Llewellyn Consulting

Most recent by Llewellyn Consulting

<img data-src="https://speevr.com/wp-content/uploads/2020/01/logos-large.005-e1580836886706.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2020/01/logos-large.005-e1580836886706.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img src="https://speevr.com/wp-content/uploads/2020/01/logos-large.005-e1580836886706.png" />

report

October 1, 2021

Key Developments & Chart of the week

US PMI strengthens, China’s slows. Inflation steady in US, up in EU. Two more EM countries tighten. Macro-series-World-View-Risks-Limited-version-September-2021 ... Become a member to read the rest of this article Username or E-mail Password Remember Me Forgot...

By Preston Llewellyn

Llewellyn Consulting

<img data-src="https://speevr.com/wp-content/uploads/2020/01/logos-large.005-e1580836886706.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2020/01/logos-large.005-e1580836886706.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img src="https://speevr.com/wp-content/uploads/2020/01/logos-large.005-e1580836886706.png" />

report

September 30, 2021

World View & Risks

Macro-series-World-View-Risks-Limited-version-September-2021 ... Become a member to read the rest of this article Username or E-mail Password Remember Me Forgot Password...

By John Llewellyn, Saul Eslake

Llewellyn Consulting

<img data-src="https://speevr.com/wp-content/uploads/2020/01/logos-large.005-e1580836886706.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2020/01/logos-large.005-e1580836886706.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img src="https://speevr.com/wp-content/uploads/2020/01/logos-large.005-e1580836886706.png" />

report

September 24, 2021

Key Developments & Chart of the week

US current account deficit widens; Japan’s deflation continues; major central banks are stirring Macro series – Key Developments & Chart of the week – 24 September 2021 ... Become a member to read the rest of this...

By Preston Llewellyn

Llewellyn Consulting

report

September 23, 2021

Germany – economic challenges for the new government

In a number of respects the German economy is in a good position after 16 years of Mrs Merkel But there are problems too, including slow growth that is unduly dependent on exports Securing good future performance will require...

By Michael Heise

Llewellyn Consulting

<img data-src="https://speevr.com/wp-content/uploads/2020/01/logos-large.005-e1580836886706.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img data-src="https://speevr.com/wp-content/uploads/2020/01/logos-large.005-e1580836886706.png" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" class="lazyload" style="--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400/400;" /><noscript><img src="https://speevr.com/wp-content/uploads/2020/01/logos-large.005-e1580836886706.png" />

report

September 17, 2021

Key Developments & Chart of the week

US inflation eases back, China’s output growth slows, Euro-area inflation stays contained. Macro series – Key Developments & Chart of the week – 17 September 2021 ... Become a member to read the rest of this article Username...

By Preston Llewellyn

Llewellyn Consulting