Management of the Nominal Public Debt Theory and Applications

Management of the Nominal Public Debt Theory and Applications
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... READ MORE...

Publication date: December 1990
ISBN 9781451942798
$15.00

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