Stabilization policies in an explosive economy : announcements and expectations

by Giorgio Basevi and Francesco Giavazzi

The article studies policy options in an economy which is unstable under bond-financing of a predetermined government deficit. We analyze policies based on pre-announced changes in monetary control or on confi-scation of that part of the Government debt which could only be retired through a prolonged period of high inflation. The dynamics of the economy is characterized by the interplay between policy announcements and private agents' behaviour in reply to them.

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Year of publication:	[1983]
Authors:	Basevi, Giorgio ; Giavazzi, Francesco
Publisher:	Bologna : Dipartimento di Scienze economiche DSE
Subject:	Stabilisierungspolitik \| Stabilization policy \| Öffentliche Schulden \| Public debt \| Inflation

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Extent:	1 Online-Ressource (circa 19 Seiten) Illustrationen
Series:	Quaderni - working paper DSE / Alma Mater Studiorum - Università di Bologna, Department of Economics. - Bologna : [Verlag nicht ermittelbar], ISSN 2282-6483, ZDB-ID 2125055-8. - Vol. n. 2 (October 1983)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	10.6092/unibo/amsacta/5310 [DOI] hdl:10419/158846 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011749803