Showing 1 - 10 of 1,259
This paper quantitatively assesses the effects of inflation shocks on the public debt-to-GDP ratio in 19 advanced … impulse responses by local projections both suggest that a 1 percentage point shock to the inflation rate reduces the debt … higher inflation, even if accompanied by some financial repression, could reduce the public debt burden only marginally in …
Persistent link: https://www.econbiz.de/10012228624
are now attempting to lower debt ratios. We analyze past debt reduction episodes and find inflation and the real interest … rare. Interestingly, inflation episodes tended to be with independent central banks and low real interest rates …
Persistent link: https://www.econbiz.de/10014540585
a panel of debt consolidation episodes spanning 220 years and 183 nations. The evidence confirms that moderate inflation … consolidations was lower in periods of relatively high inflation, when interest rates show a tendency to quickly catch up. The … largest concentration of debt consolidations in fact coincides with periods of relatively low and stable inflation in the …
Persistent link: https://www.econbiz.de/10013465905
The paper contains a retrospective analysis of macroeconomic policy and reforms in the countries of the former Soviet Union (FSU) from 1992 to 2021, after obtaining political and economic independence in 1991. Special attention is given to problems of macroeconomic stabilization and economic...
Persistent link: https://www.econbiz.de/10015394231
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 …
Persistent link: https://www.econbiz.de/10013279714
most important factors for the EU public debt are inflation, labour market conditions, and the possibilities of the balance …
Persistent link: https://www.econbiz.de/10014444887
The authors review the challenges that the Romanian economy and society had to face in the European and global geoeconomic context. Starting from the perspectives advanced by the international economic fora, the risks the European economy will have to answer through counteracting and general...
Persistent link: https://www.econbiz.de/10014464256
This paper empirically examines the impact of public debt shocks on output and inflation in 34 emerging market … product (GDP) falls significantly after an unanticipated increase in public debt while inflation rises. We also examine …, while tighter global financial conditions dampen the negative impacts of debt shocks. For inflation, the responses vary …
Persistent link: https://www.econbiz.de/10015055341
This study investigates the asymmetric effects of fiscal policy on inflation (INF) in Kenya using data for the period … examines the asymmetric effects of fiscal policy on inflation in Kenya using the non-linear autoregressive distributed lag … (NARDL) modelling to provide a better understanding of Kenya's inflation. This helps to inform the policymakers on decision …
Persistent link: https://www.econbiz.de/10015211244
The study seeks to empirically test the hypothesis that public debt has a significant influence on inflation in … Zimbabwe, covering the period 1980-2020. The study was motivated by recent trends in public debt and domestic inflation in … Zimbabwe, and the need to guide debt-inflation related policy. These latest trends have started to ring alarming bells, which …
Persistent link: https://www.econbiz.de/10013171543