Is Inflation Effective for Liquidating Short-Term Nominal Debt?
The possibility of reducing the real value of domestic non-indexed government debt through inflation is studied. A central result is that this kind of debt liquidation is possible even though prices are sticky and government bonds are short term. A policy implication is that short bond maturities ar...
| Ente Autore: | |
|---|---|
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
1989.
|
| Serie: | IMF Working Papers; Working Paper ;
No. 1989/002 |
| Accesso online: | Full text available on IMF |