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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Bibliografische gegevens
Hoofdauteur: Guidotti, Pablo
Andere auteurs: Calvo, Guillermo
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 1990.
Reeks:IMF Working Papers; Working Paper ; No. 1990/115
Online toegang:Full text available on IMF