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...

Mô tả đầy đủ

Chi tiết về thư mục
Tác giả chính: Guidotti, Pablo
Tác giả khác: Calvo, Guillermo
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 1990.
Loạt:IMF Working Papers; Working Paper ; No. 1990/115
Truy cập trực tuyến:Full text available on IMF
LEADER 01701cas a2200253 a 4500
001 AALejournalIMF000920
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451942798 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Guidotti, Pablo. 
245 1 0 |a Management of the Nominal Public Debt Theory and Applications /  |c Pablo Guidotti, Guillermo Calvo. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1990. 
300 |a 1 online resource (42 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 following two approaches. First, the effects of various exogenous disturbances are examined by means of numerical simulations. Secondly, the analysis explores-for Italy, Ireland, and the United States-if the model's implications concerning the maturity structure of government debt are consistent with actual experience. 
538 |a Mode of access: Internet 
700 1 |a Calvo, Guillermo. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1990/115 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1990/115/001.1990.issue-115-en.xml  |z IMF e-Library