Inflation and Public Debt Reversals in Advanced Economies

Inflation and Public Debt Reversals in Advanced Economies
This paper quantitatively assesses the effects of inflation shocks on the public debt-to-GDP ratio in 19 advanced economies using simulation and estimation approaches. The simulations based on the debt dynamics equation and estimations of impulse responses by local projections both suggest that a 1 percentage point shock to inflation rate... READ MORE...

Publication date: December 2019
ISBN 9781513521596
$18.00

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