01701cas a2200253 a 4500 AALejournalIMF000920 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451942798 1018-5941 BD-DhAAL BD-DhAAL Guidotti, Pablo. Management of the Nominal Public Debt Theory and Applications / Pablo Guidotti, Guillermo Calvo. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (42 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Optimal management of the public debt is explored in a context where economic policy is continuously revised because, when the public debt is non-indexed, policy-makers are tempted to use inflation in order to reduce the real value of the public debt. The model's implications are explored following two approaches. First, the effects of various exogenous disturbances are examined by means of numerical simulations. Secondly, the analysis explores-for Italy, Ireland, and the United States-if the model's implications concerning the maturity structure of government debt are consistent with actual experience. Mode of access: Internet Calvo, Guillermo. IMF Working Papers; Working Paper ; No. 1990/115 Full text available on IMF http://elibrary.imf.org/view/journals/001/1990/115/001.1990.issue-115-en.xml IMF e-Library