Using inflation to erode the US public debt
نویسندگان
چکیده
منابع مشابه
Controlling Public Debt without Forgetting Inflation
Consider the problem of a government that wants to control its debt-to-GDP (gross domestic product) ratio, while taking into consideration the evolution of the inflation rate of the country. The uncontrolled inflation rate follows an Ornstein-Uhlenbeck dynamics and affects the growth rate of the debt ratio. The level of the latter can be reduced by the government through fiscal interventions. T...
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ژورنال
عنوان ژورنال: Journal of Macroeconomics
سال: 2011
ISSN: 0164-0704
DOI: 10.1016/j.jmacro.2011.09.001