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Public and Private Debt After the Pandemic and Policy Normalization, No. 20-06

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Public and Private Debt After the Pandemic and Policy Normalization, No. 20-06

DATE: May 2020

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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.

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Lubik, Thomas A. , Schwartzman, Felipe Farah, 1981- and Federal Reserve Bank of Richmond. "Public and Private Debt After the Pandemic and Policy Normalization, No. 20-06," Economic Brief (May 2020). https://fraser.stlouisfed.org/title/6034/item/589616, accessed on August 10, 2022.

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