Aizenman, Joshua; Marion, Nancy Peregrim - 2009
108.6 percent. Inflation reduced this ratio about 40 percent within a decade. Yet there are some important differences …. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of about 5 … percent for several years. This additional inflation would significantly reduce the debt ratio, even with some shortening of …