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...
| Údar corparáideach: | |
|---|---|
| Formáid: | IRIS |
| Teanga: | English |
| Foilsithe / Cruthaithe: |
Washington, D.C. :
International Monetary Fund,
1989.
|
| Sraith: | IMF Working Papers; Working Paper ;
No. 1989/002 |
| Rochtain ar líne: | Full text available on IMF |