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Nominal debt as a burden on monetary policy

Díaz-Giménez, Javier; Giovannetti, Giorgia; Marimon, Ramon - 2004

Persistent link: https://www.econbiz.de/10003054748

Nominal debt as a burden on monetary policy

Díaz-Giménez, Javier; Giovannetti, Giorgia; Marimon, Ramon - 2004

"We study the effects of nominal debt on the optimal sequential choice of monetary and debt policy. When the stock of debt is nominal, the incentive to generate unanticipated inflation increases the cost of the outstanding debt even if no unanticipated inflation episodes occur in equilibrium....

Persistent link: https://www.econbiz.de/10002237429

Nominal debt as a burden on monetary policy

Díaz-Giménez, Javier; Giovannetti, Giorgia; Marimon, Ramon - 2007

Persistent link: https://www.econbiz.de/10003963729

Nominal debt as a burden on monetary policy

Díaz-Giménez, Javier; Giovanetti, Giorgia; Marimon, Ramon - 2007

Persistent link: https://www.econbiz.de/10003649261

Nominal debt as a burden on monetary policy

Marimon, Ramon; Díaz-Giménez, Javier; Giovannetti, Giorgia - 2007

Persistent link: https://www.econbiz.de/10003620682

Nominal debt as a burden on monetary policy

Díaz-Giménez, Javier; Giovannetti, Giorgia; Marimon, Ramon - 2007

Persistent link: https://www.econbiz.de/10003618113

Nominal debt as burden on monetary policy

Díaz-Giménez, Javier; Giovannetti, Giorgia; Marimon, Ramon - 2006

Persistent link: https://www.econbiz.de/10003303810

Nominal debt as a burden on monetary policy

Díaz-Giménez, Javier; Giovannetti, Giorgia; Marimon, Ramon - In: Review of economic dynamics 11 (2008) 3, pp. 493-514

Persistent link: https://www.econbiz.de/10003744581

Nominal Debt as a Burden on Monetary Policy

Díaz-Giménez, Javier; Giovannetti, Giorgia; Marimon, Ramon - 2005

We study the effects of nominal debt on the optimal sequential choice of monetary policy. When the stock of debt is nominal, the incentive to generate unanticipated inflation increases the cost of the outstanding debt even if no unanticipated inflation episodes occur in equilibrium. Without full...

Persistent link: https://www.econbiz.de/10014060815

Nominal Debt as a Burden on Monetary Policy

Díaz-Giménez, Javier; Giovannetti, Giorgia; Marimon, Ramon - 2004

We study the effects of nominal debt on the optimal sequential choice of monetary and debt policy. When the stock of debt is nominal, the incentive to generate unanticipated inflation increases the cost of the outstanding debt even if no unanticipated inflation episodes occur in equilibrium....

Persistent link: https://www.econbiz.de/10014070390