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Controlling Inflation

Controlling Inflation »

Source: Controlling Inflation : The Problem of Non-Indexed Debt

Volume/Issue: 1988/29

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 March 1988

ISBN: 9781451980578

Keywords: inflation, nominal interest rate, rate of inflation, price level, monetary balances

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....

Controlling Inflation
			: The Problem of Non-Indexed Debt

Controlling Inflation : The Problem of Non-Indexed Debt »

Volume/Issue: 1988/29

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 March 1988

DOI: http://dx.doi.org/10.5089/9781451980578.001

ISBN: 9781451980578

Keywords: inflation, nominal interest rate, rate of inflation, price level, monetary balances

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....