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...
| 主要作者: | |
|---|---|
| 其他作者: | |
| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2005.
|
| 丛编: | IMF Working Papers; Working Paper ;
No. 2005/057 |
| 在线阅读: | Full text available on IMF |