Reviving the Case for GDP-Indexed Bonds /

This paper seeks to revive the case for countries to self-insure against economic growth slowdowns by issuing GDP-indexed bonds. We simulate the effects of GDP-indexed bonds under different assumptions about fiscal policy reaction functions and their output effects and find that they could substanti...

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Bibliografiska uppgifter
Huvudupphovsman: Borensztein, Eduardo
Övriga upphovsmän: Mauro, Paolo
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2002.
Serie:IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2002/010
Länkar:Full text available on IMF