Nominal versus Indexed Debt: A Quantitative Horse Race
收藏NBER2007-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13131
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The main arguments in favor and against nominal and indexed debt are the incentive to default through inflation versus hedging against unforeseen shocks. We model and calibrate these arguments to assess their quantitative importance. We use a dynamic equilibrium model with tax distortion, government
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美国国家经济研究局创建时间：
2007-05-01
