Chafwehé, Boris; De Beauffort, Charles; Oikonomou, Rigas - 2024
other variables, such as inflation and output gap, must adjust to ensure the solvency of public finances. We study the role …-off between inflation and output gap: The Persistence, Discounting and Hedging channels. Our findings, based on a rich prior … results indicate that optimal debt management is a significant margin to complement monetary policy in stabilizing inflation …