is stronger for countries with higher average inflation or debt. …For a sample of sixteen OECD countries over the period 1980-2007 we show that, for given debt-GDP ratio, an increase in … the maturity of the public debt by one year lowers its long-term interest rate by around 20-30 basis points. This effect …

Historically high levels of private and public debt coupled with already very low short-term interest rates appear to … considered is monetary financing by central banks to boost demand and/or relieve debt burdens. We find little empirical evidence … to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models …

crises, ruling class formation and dominant ideology, militarism and dependency, inflation and recession, the politics of …

The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of … inflation, which tend to take structure and institutions as given for the purpose of analysis, we argue that inflation could be …, inflationary restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as …

In most euro area countries, the monetary/fiscal policy mix is responsible for the changing history of debt and … inflation facts. Using a Dynamic Stochastic General Equilibrium model with Markov-switching policy rules, we identify three … simulations reveal that the PM/AF regime in France led to price volatility and debt stabilisation, while the AM/PF regime resulted …

are now attempting to lower debt ratios. We analyze past debt reduction episodes and find inflation and the real interest …During the pandemic, public debt in Latin America and the Caribbean rose to more than 70 percent of GDP, and countries … rate were the most frequent main drivers, while higher growth, fiscal consolidation and debt restructuring were relatively …

This paper explores the effect of inflation supply and demand shocks on government debt. It identifies the shocks using … regressions and local projections suggest that supply shocks lead to persistent increases in government debt, while demand shocks … result in long-lasting declines. Furthermore, high debt levels increase economic vulnerability, amplifying the impacts of …

also addressing, albeit in a limited way, the larger political issue of the nation's debt and deficit along with the … implications for inflation. …

both cases the possible failure of the saddle-path condition arises when there are debt-deflation effects in the IS curve …. If interest rates are set according to the Taylor rule, then debt-deflation is always enough to cause the failure of the … effect from the LM curve may offset the debt-deflation effect and produce a saddle-path. …