Showing 1 - 10 of 201
Persistent link: https://www.econbiz.de/10010465192
This paper investigates the potential impacts of the degree of divergence in open macroeconomic policies in the context of the trilemma hypothesis. Using an index that measures the relative policy divergence among the three trilemma policy choices, namely monetary independence, exchange rate...
Persistent link: https://www.econbiz.de/10013075864
Persistent link: https://www.econbiz.de/10010191647
This paper investigates the potential impacts of the degree of divergence in open macroeconomic policies in the context of the trilemma hypothesis. Using an index that measures the relative policy divergence among the three trilemma policy choices, namely monetary independence, exchange rate...
Persistent link: https://www.econbiz.de/10012459214
108.6 percent. Inflation reduced this ratio about 40 percent within a decade. Yet there are some important differences …. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of about 5 … percent for several years. This additional inflation would significantly reduce the debt ratio, even with some shortening of …
Persistent link: https://www.econbiz.de/10003913444
108.6 percent. Inflation reduced this ratio about 40 percent within a decade. Yet there are some important differences … inflate. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of … about 5 percent for several years. This additional inflation would significantly reduce the debt ratio, even with some …
Persistent link: https://www.econbiz.de/10003943689
108.6 percent. Inflation reduced this ratio about 40 percent within a decade. Yet there are some important differences … inflate. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of … about 5 percent for several years. This additional inflation would significantly reduce the debt ratio, even with some …
Persistent link: https://www.econbiz.de/10003921540
Persistent link: https://www.econbiz.de/10009530460
. In this context, we test for greater fiscal dominance over 2000-2017 under Inflation Targeting (IT) and non-IT regimes … with greater exchange rate volatility, inflation volatility, and underlying commodity exposure exhibit stronger …
Persistent link: https://www.econbiz.de/10012867640
Persistent link: https://www.econbiz.de/10012628024