Article ID Journal Published Year Pages File Type
7368832 Journal of Monetary Economics 2015 7 Pages PDF
Abstract

- Study debt-to-GDP ratios, inflation, and inflation risk proxies in U.S. data 1970-2012.
- In a simple model, government debt raises expected inflation and risk of inflationary recessions.
- In contrast, U.S. government debt-to-GDP not strongly related to inflation or inflation risk.
- Results highlight data limitations when estimating how government debt affects inflation risk.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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