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...
| Erakunde egilea: | |
|---|---|
| Formatua: | Aldizkaria |
| Hizkuntza: | English |
| Argitaratua: |
Washington, D.C. :
International Monetary Fund,
1988.
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| Saila: | IMF Working Papers; Working Paper ;
No. 1988/029 |
| Sarrera elektronikoa: | Full text available on IMF |