Inflation Debt And Indexation
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Inflation Debt And Indexation
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Author : Rudiger Dornbusch
language : en
Publisher:
Release Date : 1986
Inflation Debt And Indexation written by Rudiger Dornbusch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with categories.
Public Debt Indexation And Denomination
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Author : Mr.Ilan Goldfajn
language : en
Publisher: International Monetary Fund
Release Date : 1998-02-01
Public Debt Indexation And Denomination written by Mr.Ilan Goldfajn and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-02-01 with Business & Economics categories.
The paper models the optimal debt management strategy of the public sector when issuing nominal, price-level-indexed and foreign-denominated debt securities. The model predicts that the variance of inflation, the size of the public debt, the variance of the real exchange rate, and the correlation of inflation with public expenditures are the main determinants of public debt management. Using this framework, the paper analyzes the Brazilian experience with indexed debt in the last decade. In particular, it explains the large increase of indexed public debt in Brazil prior to the 1994 Real plan and, thereafter, the steady decline in its use.
Controlling Inflation
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1988-03-24
Controlling Inflation written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988-03-24 with Business & Economics categories.
We show that the presence of nominal non-indexed government debt could give rise to more than one equilibrium inflation rate. Conditions for this to occur are discussed in terms of ad hoc and micro-founded models. Solutions to the indeterminacy problem are examined; one solution is shown to be price indexation of debt instruments.
The Rationale And Design Of Inflation Indexed Bonds
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Author : Mr.Robert T. Price
language : en
Publisher: International Monetary Fund
Release Date : 1997-01-01
The Rationale And Design Of Inflation Indexed Bonds written by Mr.Robert T. Price and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-01-01 with Business & Economics categories.
A number of industrialized countries have recently offered inflation-indexed bonds. Some members of another group of countries that had earlier adopted more comprehensive indexation in response to high inflation have taken steps to reduce the scope of indexation in their economies. This paper surveys debt management, monetary policy, and welfare arguments on the use of inflation-indexed bonds, and relates these to the experiences of various issuers. The paper also considers some important design features of indexed bonds.
Inflation Indexed Treasury Debt As An Aid To Monetary Policy
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Author : United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee
language : en
Publisher:
Release Date : 1992
Inflation Indexed Treasury Debt As An Aid To Monetary Policy written by United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
Indexation Inflation And Monetary Policy
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Author : Fernando Lefort
language : en
Publisher:
Release Date : 2002
Indexation Inflation And Monetary Policy written by Fernando Lefort and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Indexation (Economics) categories.
Wage And Public Debt Indexation
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Author : Mr.Pablo Emilio Guidotti
language : en
Publisher: International Monetary Fund
Release Date : 1992-08-01
Wage And Public Debt Indexation written by Mr.Pablo Emilio Guidotti and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-08-01 with Business & Economics categories.
This paper examines the relationship between the degree of wage indexation chosen by private agents and the degree of indexation of the public debt. It is shown that the government is likely to respond to an increase in the degree of wage indexation by increasing the portion of the public debt that is indexed. By contrast, the effect of an increase in public debt indexation on the degree of wage indexation is ambiguous. In equilibrium, depending on the sources of shocks to the economy, the degree of wage indexation may be positively or negatively related to that of debt indexation. This relationship is analyzed both in situations where the policymakers are able to precommit policies and in those where precommitment is not possible.
Managing Public Debt
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Author : Marcello De Cecco
language : en
Publisher:
Release Date : 1997
Managing Public Debt written by Marcello De Cecco and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
This text combines a theoreitcal and empirical analysis of the advantages of issuing index-linked bonds, potential problems that may arise and how sovereign issuers should deal with them.
Indexing For Inflation
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Author : Thelma Liesner
language : en
Publisher: Heinemann Educational Publishers
Release Date : 1975
Indexing For Inflation written by Thelma Liesner and has been published by Heinemann Educational Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 1975 with Business & Economics categories.
At head of title: IFS.
Is Inflation Effective For Liquidating Short Term Nominal Debt
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1989-01-01
Is Inflation Effective For Liquidating Short Term Nominal Debt written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-01-01 with Business & Economics categories.
The possibility of reducing the real value of domestic non-indexed government debt through inflation is studied. A central result is that this kind of debt liquidation is possible even though prices are sticky and government bonds are short term. A policy implication is that short bond maturities are no safeguard against surprise devaluations intended to lower the burden of the debt. If devaluation incentives are present, it is further argued that nominal non-indexed bonds could give rise to situations where devaluations are a consequence of self-fulfilling expectations cycles. Any views expressed in the Departmental Memoranda (DM) Series represent the opinions of the authors and, unless otherwise indicated, should not be interpreted as official Fund views.