The problem of mounting public debt should be attributed to the inability to control inflation instead of restricting … public expenditures as many economists would suggest. The use of inappropriate monetary and fiscal tools to control inflation … anti-inflation plan, among others, should be tried out. …

Why are we seeing inflation? The government dropped about $5 trillion in people's bank accounts, a classic fiscal … helicopter drop. Why did this one produce inflation? People do not believe this debt will be repaid. Will inflation continue …? Whether we see a one-time price-level increase or continued inflation depends on future fiscal and monetary policy, and …

paper, I assess the implications of the zero lower bound in a DSGE model with financial frictions. The analysis shows that … as the management of expectations by the central bank or a counter-cyclical fiscal stimulus, may help recover the economy …

rule (MT) that takes both debt and inflation into consideration exaggerates the trade-off between short-run and long …-run multipliers. In addition, we show that relative to seiniorage, inflation and changes in the discount factor play more important …

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. …

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. …