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...
| מחבר תאגידי: | |
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| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
1989.
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| סדרה: | IMF Working Papers; Working Paper ;
No. 1989/002 |
| גישה מקוונת: | Full text available on IMF |