Fiscal Implications of Interest Rate Normalization in the United States /

This paper studies the main channels through which interest rate normalization has fiscal implications in the United States. While unexpected inflation reduces the real value of government liabilities, a rising policy rate increases government financing needs because of higher interest payments and...

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Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Bi, Huixin
Rannpháirtithe: Shen, Wenyi, Susan Yang, Shu-Chun
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2019.
Sraith:IMF Working Papers; Working Paper ; No. 2019/090
Rochtain ar líne:Full text available on IMF