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times. An inflation shock only slightly reduces the debt ratio for a few quarters. A positive growth shock unambiguously …
Persistent link: https://www.econbiz.de/10009622446
economic growth. This paper examines the roles of three other factors: primary budget surpluses, surprise inflation, and pegged … inflation and the pre-Accord peg. In this counterfactual, debt/GDP declines only to 74% in 1974, not 23% as in actual history …
Persistent link: https://www.econbiz.de/10014337810
economic growth. This paper examines the roles of three other factors: primary budget surpluses, surprise inflation, and pegged … inflation and the pre-Accord peg. In this counterfactual, debt/GDP declines only to 74% in 1974, not 23% as in actual history …
Persistent link: https://www.econbiz.de/10015058792
Persistent link: https://www.econbiz.de/10008858385
Persistent link: https://www.econbiz.de/10011811132
Persistent link: https://www.econbiz.de/10010239693
Persistent link: https://www.econbiz.de/10012602333
Persistent link: https://www.econbiz.de/10003477828
.S. government. We use our estimates to account for contributions to the evolution of the debt to GDP ratio made by inflation, growth …
Persistent link: https://www.econbiz.de/10003934575