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...
| Erakunde egilea: | |
|---|---|
| Formatua: | Aldizkaria |
| Hizkuntza: | English |
| Argitaratua: |
Washington, D.C. :
International Monetary Fund,
1989.
|
| Saila: | IMF Working Papers; Working Paper ;
No. 1989/002 |
| Sarrera elektronikoa: | Full text available on IMF |