significant convenience yields. We present two new findings relating the convenience yield to inflation and government fiscal … policy. First, the convenience yield of treasury debt is negatively correlated with inflation expectations. Second, inflation … deficit shock leads to both higher debt in the future as well as higher expected inflation simultaneously. The model …

This paper quantitatively assesses the effects of inflation shocks on the public debt-to-GDP ratio in 19 advanced … higher inflation, even if accompanied by some financial repression, could reduce public debt burden only marginally in many … impulse responses by local projections both suggest that a 1 percentage point shock to inflation rate reduces the debt …

This paper quantitatively assesses the effects of inflation shocks on the public debt-to-GDP ratio in 19 advanced … higher inflation, even if accompanied by some financial repression, could reduce the public debt burden only marginally in … impulse responses by local projections both suggest that a 1 percentage point shock to the inflation rate reduces the debt …

This paper quantitatively assesses the effects of inflation shocks on the public debt-to-GDP ratio in 19 advanced … higher inflation, even if accompanied by some financial repression, could reduce the public debt burden only marginally in … impulse responses by local projections both suggest that a 1 percentage point shock to the inflation rate reduces the debt …

upper limit on spending. Inflation reduces the fiscal space, financial repression increases it, and redistribution of wealth …With real interest rates below the growth rate of the economy, but the marginal product of capital above it, the public … debt can be lower than the present value of primary surpluses because of a bubble premia on the debt. The government can …

Several studies have identified the impact of total public debt on inflation. These studies are based on the assumption …) technique to investigate the nature of the link between total public debt and inflation in the Gambia for the period from 1978 … to 2019. The results indicate an asymmetric relationship between total public debt and inflation, irrespective of whether …