The Fiscal Roots of Inflation
收藏NBER2019-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25811
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资源简介：
Unexpected inflation devalues nominal government bonds. It must therefore correspond to a decline in expected future surpluses, or a rise in their discount rates, so that the real value of debt equals the present value of surpluses. I measure each component using a vector autoregression, via
提供机构：
美国国家经济研究局
创建时间：
2019-05-01
