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Guidotti, Pablo Emilio.

Management of the Nominal Public Debt Theory and Applications Pablo Emilio Guidotti. [electronic resource] / Pablo Emilio Guidotti. - Washington, D.C. : International Monetary Fund, 1990. - 1 online resource (42 p.) - IMF Working Papers; Working Paper ; No. 90/115 . - IMF Working Papers; Working Paper ; No. 90/115 .

Optimal management of the public debt is explored in a context where economic policy is continuously revised because, when the public debt is non-indexed, policy-makers are tempted to use inflation in order to reduce the real value of the public debt. The model's implications are explored following two approaches. First, the effects of various exogenous disturbances are examined by means of numerical simulations. Secondly, the analysis explores-for Italy, Ireland, and the United States-if the model's implications concerning the maturity structure of government debt are consistent with actual experience.

ISBN: 1451942796 : 15.00 USD

ISSN: 1018-5941

Standard No.: 10.5089/9781451942798.001 doi

Subjects--Topical Terms:
Debt Maturity
Government Debt
Government Expenditure
Increase in Government Expenditure
Public Debt

Subjects--Geographic Terms:
Ireland
Italy
United States