Akitoby, Bernardin; Komatsuzaki, Takuji; Binder, Ariel J - International Monetary Fund (IMF) - 2014
This paper investigates the impact of low or high inflation on the public debt-to-GDP ratio in the G-7 countries. Our … percentage points under the partial Fisher effect. Thus higher inflation could help reduce the public debt-to-GDP ratio somewhat … simulations suggest that if inflation were to fall to zero for five years, the average net debt-to-GDP ratio would increase by …