Management of the Nominal Public Debt Theory and Applications /
Optimal management of the public debt is explored in a context where economic policy is continuously revised because, when the public debt is non-indexed, policy-makers are tempted to use inflation in order to reduce the real value of the public debt. The model's implications are explored follo...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
1990.
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| coleção: | IMF Working Papers; Working Paper ;
No. 1990/115 |
| Acesso em linha: | Full text available on IMF |