Controlling Inflation : The Problem of Non-Indexed Debt.
We show that the presence of nominal non-indexed government debt could give rise to more than one equilibrium inflation rate. Conditions for this to occur are discussed in terms of ad hoc and micro-founded models. Solutions to the indeterminacy problem are examined; one solution is shown to be price...
| Համատեղ հեղինակ: | |
|---|---|
| Ձևաչափ: | Ամսագիր |
| Լեզու: | English |
| Հրապարակվել է: |
Washington, D.C. :
International Monetary Fund,
1988.
|
| Շարք: | IMF Working Papers; Working Paper ;
No. 1988/029 |
| Առցանց հասանելիություն: | Full text available on IMF |