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Federal government debt and inflation: evidence from Granger causality tests

Hafer, R.W.; Hein, Scott E. - Federal Reserve Bank of St. Louis - 1986

Persistent link: https://www.econbiz.de/10005490927

Learning the fiscal theory of the price level: some consequences of debt management policy

Eusepi, Stefano; Preston, Bruce - Federal Reserve Bank of New York - 2011

This paper examines how the scale and composition of public debt can affect economies that implement a combination of …

Persistent link: https://www.econbiz.de/10009320709

The social value of risk-free government debt

Schreft, Stacey L.; Smith, Bruce D. - Federal Reserve Bank of Kansas City - 2003

This paper considers whether eliminating the stock of government debt outstanding would reduce welfare. It models an economy with three assets—currency, government bonds, and storage, a transactions role for money, and a demand for liquidity and thus a role for banks. The Friedman rule is not...

Persistent link: https://www.econbiz.de/10005410789

Nominal debt as a burden on monetary policy

Díaz-Giménez, Javier; Giovannetti, Giorgia; Marimon, Ramon - Federal Reserve Bank of Chicago - 2004

We study the effects of nominal debt on the optimal sequential choice of monetary and debt policy. When the stock of debt is nominal, the incentive to generate unanticipated inflation increases the cost of the outstanding debt even if no unanticipated inflation episodes occur in equilibrium....

Persistent link: https://www.econbiz.de/10005419963

Financial implications of the U.S. external deficit

Hung, Juann; Pigott, Charles; Rodrigues, Anthony - In: Quarterly Review (1988) Win, pp. 33-51

Persistent link: https://www.econbiz.de/10005706893

Public Debt Markets in Central America, Panama, and the Dominican Republic

Jobst, Andreas; Valderrama, Laura; Guerra, Ivan; Shah, … - International Monetary Fund (IMF) - 2007

This paper-consisting of a regional study and seven country studies-reviews the state of domestic public debt markets … account for the lion's share of capital markets, regional public debt markets remain underdeveloped for a variety of reasons …. The problems of small scale, dollarization, and weak public finances in many countries are compounded by poor structure …

Persistent link: https://www.econbiz.de/10005825635

Economic consequences of continued U.S. external deficit

Pigott, Charles - In: Quarterly Review (1988) Win, pp. 4-15

Persistent link: https://www.econbiz.de/10005490346

The impact of exchange rate movements on U.S. foreign debt

Tille, Cedric - In: Current Issues in Economics and Finance 9 (2003) Jan

In 2001, the United States' net debt to the rest of the world jumped to $2.3 trillion, a level double that recorded in 1999. Much of the increase reflects the new borrowing undertaken by the country to finance its mounting current account deficit. A third of the change, however, can be traced to...

Persistent link: https://www.econbiz.de/10005387202

Government consumption, taxation, and economic activity

Carlstrom, Charles T.; Gokhale, Jagadeesh - In: Economic Review (1991) Q III, pp. 18-29

The authors use a stylized model of the economy to analyze how permanent and temporary increases in government expenditure--and the timing of taxation used to finance them--affect aggregate output and other variables that describe the economy.

Persistent link: https://www.econbiz.de/10005707856

Sovereign lending gone wrong : who bears the costs?

Schraner, Ingrid; Emerging Financial Markets and … - University of Western Sydney; University of Western Sydney; … - 2004

This exploratory issue paper begins with a statement by Joseph Stiglitz, Nobel Laureate in Economic Sciences, which outlines what a well-functioning global financial system would achieve, followed by his dry statement that the current global financial system does none of these things. The paper...

Persistent link: https://www.econbiz.de/10009482147

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