Skip to Main Navigation

Inflation and Public Debt Reversals in Advanced Economies (英语)

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 the inflation rate reduces the debt-to-GDP ratio by about 0.5 to 1 percentage points. The results also suggest that the...
更多显示

详细

下载

完整報告

正式文件版本(可能有签字)


This document is being processed or is not available.