Government Debt : A Key Role in Financial Intermediation /
The literature on optimal fiscal policy finds that highly volatile real returns on government debt, for example through surprise inflation, have very low costs. However, policymakers are almost always very apprehensive of this option. The paper discusses evidence concerning features of developing co...
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| Format: | Žurnal |
| Jezik: | English |
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Washington, D.C. :
International Monetary Fund,
2005.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2005/057 |
| Online pristup: | Full text available on IMF |