What does the research literature tell us about an optimal strategy for debt issuance in the UK, and what are the practical implications?
Background
Fiscal Policy covers a wide-ranging set of issues at the heart of HM Treasury’s objectives and of fiscal events such as Budgets. Good fiscal policy must ensure the sustainability of the government’s finances, oversee its macroeconomic policy framework, and carry out a stable and efficient financing of government liabilities. HM Treasury’s work in this area includes advising the Chancellor on the appropriate levels of borrowing and debt (as well as broader commitments like guarantees & insurance), providing analysis of the government’s finances and overseeing financing raised for the government by the Debt Management Office and National Savings & Investments.
Next steps
Get in touch with HMTResearch@hmtreasury.gov.uk
Source
This question was published as part of the set of ARIs in this document:
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Related UKRI funded projects
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Transformation of Public Debt Management (ToPDeM)
Public debt looms at historically high levels in all but a few advanced economies. Unsurprisingly, worries about the size of debt burdens take centre stage. What is largely absent, is the question of HOW governments actu...
Funded by: ESRC
Why might this be relevant?
The project specifically addresses the optimal strategy for debt issuance in the UK and its practical implications, providing a comprehensive account of public debt management.