Inflation and Public Debt Reversals in Advanced Economies is popular PDF and ePub book, written by Ichiro Fukunaga in 2019-12-27, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Inflation and Public Debt Reversals in Advanced Economies can be Read Online from any device for your convenience.
Inflation and Public Debt Reversals in Advanced Economies Book PDF Summary
This paper quantitatively assesses the effects of inflation shocks on the public debt-to-GDP ratio in 19 advanced economies using simulation and estimation approaches. The simulations based on the debt dynamics equation and estimations of impulse responses by local projections both suggest that a 1 percentage point shock to inflation rate reduces the debt-to-GDP ratio by about 0.5 to 1 percentage points. The results also suggest that the impact is larger and more persistent when the debt maturity is longer, but the difference from the benchmark case is not significant. These results imply that modestly higher inflation, even if accompanied by some financial repression, could reduce public debt burden only marginally in many advanced economies.
Detail Book of Inflation and Public Debt Reversals in Advanced Economies PDF
- Author : Ichiro Fukunaga
- Release : 27 December 2019
- Publisher : International Monetary Fund
- ISBN : 9781513525303
- Genre : Business & Economics
- Total Page : 23 pages
- Language : English
- PDF File Size : 10,8 Mb
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