This paper uses the propensity matching score approach to assess the impact of the IMF’s debt limits policy (DLP) on …

yields in Japan are determined to a large extent by growth and inflation outlook, fiscal conditions, demography, and the …

Most tax systems create a tax bias toward debt finance. Such debt bias increases leverage and may negatively affect … financial stability. This paper models and estimates debt bias in the financial sector, and present novel estimates for … investment banks and non-bank financial intermediaries such as finance and insurance companies. We find debt bias to be pervasive …

This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This …

There is an extensive literature noting that high inflation can add to income inequality, and a parallel literature … assessing the effect of rising food prices on the poor. This paper attempts to combine these strands by dividing inflation into … food and nonfood inflation and assessing whether food inflation affects income inequality differently from nonfood …

Inflation in Mongolia resembles a roller coaster ride with sharp rises and steep drops. Understanding why is critical … for formulating and assessing monetary policy. Food prices are found to be a key driver of inflation, and, not surprising …

been to raise inflation targets to provide more room for policy rate easing during crises. This paper addresses a different … issue: the relationship between inflation and welfare. The literature is surveyed and a model is developed. A key conclusion … is that an increase in inflation targets gives rise to additional welfare costs, even after the extra room to m …

times. An inflation shock only slightly reduces the debt ratio for a few quarters. A positive growth shock unambiguously …We study how macroeconomic shocks affect U.S. public debt dynamics using a VAR with debt feedback. Following a fiscal … austerity shock, the debt ratio initially declines and then returns to its pre-shock path. Yet, the effect is not statistically …

inflation, unemployment, government deficit, and GDP growth into a single indicator. In contrast to other indexes, the EPI does …