Is Inflation Effective for Liquidating Short-Term Nominal Debt?

Nopic
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 are no safeguard against surprise devaluations... READ MORE...

Publication date: January 1989
ISBN 9781451930955
$10.00

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