Goldfajn, Ilan - International Monetary Fund (IMF) - 1998
-level-indexed and foreign-denominated debt securities. The model predicts that the variance of inflation, the size of the public debt …, the variance of the real exchange rate, and the correlation of inflation with public expenditures are the main … determinants of public debt management. Using this framework, the paper analyzes the Brazilian experience with indexed debt in the …