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Inflation And Public Debt Reversals In The G7 Countries

Inflation and Public Debt Reversals in the G7 Countries PDF

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Author: Mr. Bernardin Akitoby
Publisher: International Monetary Fund
ISBN: 1498316220
Size: 26.22 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 28
View: 993


This paper investigates the impact of low or high inflation on the public debt-to-GDP ratio in the G-7 countries. Our simulations suggest that if inflation were to fall to zero for five years, the average net debt-to-GDP ratio would increase by about 5 percentage points over the next five years. In contrast, raising inflation to 6 percent for the next five years would reduce the average net debt-to-GDP ratio by about 11 percentage points under the full Fisher effect and about 14 percentage points under the partial Fisher effect. Thus higher inflation could help reduce the public debt-to-GDP ratio somewhat in advanced economies. However, it could hardly solve the debt problem on its own and would raise significant challenges and risks. First of all, it may be difficult to create higher inflation, as evidenced by Japan’s experience in the last few decades. In addition, un-anchoring of inflation expectations could increase long-term real interest rates, distort resource allocation, reduce economic growth, and hurt the lower–income households.

Handbook Of Macroeconomics

Handbook of Macroeconomics PDF

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Author: John B. Taylor
Publisher: Elsevier
ISBN: 0444594884
Size: 30.11 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 2744
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Handbook of Macroeconomics Volumes 2A and 2B surveys major advances in macroeconomic scholarship since the publication of Volume 1 (1999), carefully distinguishing between empirical, theoretical, methodological, and policy issues, including fiscal, monetary, and regulatory policies to deal with crises, unemployment, and economic growth. As this volume shows, macroeconomics has undergone a profound change since the publication of the last volume, due in no small part to the questions thrust into the spotlight by the worldwide financial crisis of 2008. With contributions from the world’s leading macroeconomists, its reevaluation of macroeconomic scholarship and assessment of its future constitute an investment worth making. Serves a double role as a textbook for macroeconomics courses and as a gateway for students to the latest research Acts as a one-of-a-kind resource as no major collections of macroeconomic essays have been published in the last decade Builds upon Volume 1 by using its section headings to illustrate just how far macroeconomic thought has evolved

Macroeconomic Policy After The Crash

Macroeconomic Policy after the Crash PDF

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Author: Richard Barwell
Publisher: Springer
ISBN: 1137515929
Size: 30.70 MB
Format: PDF
Category : Political Science
Languages : en
Pages : 477
View: 1370


This book reviews the key policy debates during the post-crash era, describing the issues that policymakers grappled with, the decisions that they took and the details of the policy instruments that were created. Focusing specifically on issues in monetary and fiscal policy, chapters demonstrate that very little that was done during this period conformed to the simple textbook treatment of macroeconomic policy: central banks cutting policy rates or finance ministers cutting the rate of income tax. The author guides the reader through the revolution in the conduct of macroeconomic policy in an engaging and approachable manner, and illuminates the key innovations in the toolkit and themes in the debate over past years with great detail, from negative rates to quantitative easing, and from austerity versus financial repression, restructuring and default to productivity puzzles and deflation.

A Financial Crisis Manual

A Financial Crisis Manual PDF

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Author: Dimitrios D. Thomakos
Publisher: Springer
ISBN: 113744830X
Size: 74.82 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 334
View: 3975


The recent financial crisis has generated many structural changes within the economy. Many issues are ongoing, and the question of how to recover from the crisis, and how to avoid another one, are continually addressed by scholars and practitioners everywhere. Where there is much discussion within academic and practitioner circles, there is not always adequate interaction between these schools of research. This book provides a thorough overview of the recent financial crisis from the perspective of both industry practitioners and academics specialising in the area. The first part provides practitioner insight on the crisis, and explores the causes and effects and of the recession, European public financing, ECB monetary policy and the Euro, the repression of financial markets, and financial stability. Part two focuses on the case of Greece, as a country still heavily impacted by the crisis, which has undergone various unorthodox policies imposed by the IMF, the ECB the EU. The third part provides insight from researchers and academics, covering an array of Economic theories and revealing new economics architectures available for the future. With informed views from both financial industry practitioners and academics, this book discusses current issues and implementable solutions for a faster post-crisis recovery.

World Economic Outlook September 2003

World Economic Outlook  September 2003 PDF

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Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451957947
Size: 44.25 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 269
View: 2573


The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an overview of the world economy; consider issues affecting industrial countries, and economics in transition to market; and address topics of pressing current interest. Annexes, boxes, charts, and an extensive statistical appendix augment the text.

Annual Report And Accounts

Annual Report and Accounts PDF

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Author: Central Bank of Belize
Publisher:
ISBN:
Size: 40.32 MB
Format: PDF, Kindle
Category : Banks and banking
Languages : en
Pages :
View: 5500



The Unfulfilled Prime Minister

The Unfulfilled Prime Minister PDF

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Author: Peter Riddell
Publisher: Methuen Pub Limited
ISBN:
Size: 60.35 MB
Format: PDF
Category : Political Science
Languages : en
Pages : 238
View: 121


Presents a dissection of Blair's exit strategy. This work includes an analysis of the Blair endgame. Despite a record third election victory, it provides an analysis of political unfulfillment.

The Economy Developments And Policies

The Economy  Developments and Policies PDF

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Author:
Publisher:
ISBN:
Size: 48.34 MB
Format: PDF, Kindle
Category : Israel
Languages : en
Pages :
View: 3842



Dissertation Abstracts International

Dissertation Abstracts International PDF

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Author:
Publisher:
ISBN:
Size: 58.40 MB
Format: PDF, ePub, Mobi
Category : Dissertations, Academic
Languages : en
Pages :
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