Scorcu, Antonello Eugenio
(1992)
Inflation and public debt management. A time consistent approach.
Bologna:
Dipartimento di Scienze economiche DSE,
p. 28.
DOI 10.6092/unibo/amsacta/5229.
In: Quaderni - Working Paper DSE
(131).
ISSN 2282-6483.
Full text available as:
Preview |
Text(pdf)
License: Creative Commons: Attribution-Noncommercial 3.0 (CC BY-NC 3.0) Download (211kB) | Preview |
Abstract
The existence of long term or short term nominal ebt implies different dicretionary monetary policies. In absence of any monetization, long term debt leads to a lower inflation than short term debt. If debt monetization is possible, the lower inflation of long term case is traded off with the lower distortionary taxation in the short term case and no unambiguous conclusion can be reached.
Abstract
Other metadata
Downloads
Downloads
Staff only:
