Stabilization Policies in an Explosive Economy: Announcements and Expectations

Basevi, Giorgio ; Giavazzi, Francesco (1983) Stabilization Policies in an Explosive Economy: Announcements and Expectations. Bologna: Dipartimento di Scienze economiche DSE, p. 19. DOI 10.6092/unibo/amsacta/5310. In: Quaderni - Working Paper DSE (2). ISSN 2282-6483.
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Abstract

The article studies policy options in an economy which is unstable under bond-financing of a predetermined government deficit. We analyze policies based on pre-announced changes in monetary control or on confi-scation of that part of the Government debt which could only be retired through a prolonged period of high inflation. The dynamics of the economy is characterized by the interplay between policy announcements and private agents' behaviour in reply to them.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Basevi, Giorgio
Giavazzi, Francesco
Subjects
ISSN
2282-6483
DOI
Deposit date
11 Jul 2016 14:19
Last modified
11 Jul 2016 14:19
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