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indexation and debt maturity, discussing in particular the role of the maturity structure in light of integrated financial …
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A central equation for the fiscal theory of the price level (FTPL) is the government budget constraint (or "government valuation equation"), which equates the real value of government debt to the present value of fiscal surpluses. In the past decade, the governments of most developed economies...
Persistent link: https://www.econbiz.de/10012942155
A central equation for the fiscal theory of the price level (FTPL) is the government budget constraint (or “government valuation equation”), which equates the real value of government debt to the present value of fiscal surpluses. In the past decade, the governments of most developed...
Persistent link: https://www.econbiz.de/10012929186
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A central equation for the fiscal theory of the price level (FTPL) is the government budget constraint (or \government valuation equation"), which equates the real value of government debt to the present value of fiscal surpluses. In the past decade, the governments of most developed economies...
Persistent link: https://www.econbiz.de/10011774938