deficits which backs debt and attenuates fiscal inflation. A dynamic r -- g stability criterion characterizes the set of … with inflation. Monetary policy which follows the Taylor principle can be consistent with a unique stable equilibrium under …

inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self … debt-stabilizing inflation when current fiscal deficits are not backed by future fiscal surpluses. Because growth creates … unique stable equilibrium, provided that the policy permits r−g to fall with inflation. …

"Leaning against the wind" - a tighter monetary policy than necessary for stabilizing inflation around the inflation … extensions to Svensson´s analysis. In particular, we take Svensson´s debt model to the data and show that it provides an … incomplete account of short term debt dynamics. Further, the overall analysis of the effects of monetary policy on debt rests on …

We investigate the roles of a time-varying inflation target and monetary and fiscal policy stances on the dynamics of … inflation in a DSGE model. Under an active monetary and passive fiscal policy regime, inflation closely follows the path of the … inflation target and a stronger reaction of monetary policy to inflation decreases the response of inflation to non …

households. Then, in contrast to the active monetary and passive fiscal policy regime, inflation moves oppositely from the … inflation target and a stronger reaction of interest rates to inflation increases the response of inflation to shocks. Moreover …, a higher level of public debt increases the response of inflation while a weaker reaction of taxes to debt decreases the …

results indicate that optimal debt management is a significant margin to complement monetary policy in stabilizing inflation … other variables, such as inflation and output gap, must adjust to ensure the solvency of public finances. We study the role …-off between inflation and output gap: The Persistence, Discounting and Hedging channels. Our findings, based on a rich prior …

minimizing the variance of inflation as the policy objective. Following current developments in the theory of fiscal … unique equilibrium. The responses of inflation to various structural disturbances in the constant money growth rate … of nominal government debts (bonds) reduces the variance of inflation in the passive monetary-active fiscal regime …

minimizing the variance of inflation as the policy objective. Following current developments in the theory of fiscal … monetary policies. The responses of inflation to various structural disturbances in the constant money growth rate …

steady states exist, a high-inflation trap can appear, and an economy will most probably converge to a high-inflation steady … threshold level reaches a high-inflation and low-capital steady state …

This paper quantitatively assesses the effects of inflation shocks on the public debt-to-GDP ratio in 19 advanced … impulse responses by local projections both suggest that a 1 percentage point shock to inflation rate reduces the debt … higher inflation, even if accompanied by some financial repression, could reduce public debt burden only marginally in many …