Article ID Journal Published Year Pages File Type
965779 Journal of Macroeconomics 2011 18 Pages PDF
Abstract
► The temptation to inflate away some of US debt is similar to that at the end of WW II. ► Shorter debt maturities today reduce the temptation to inflate. ► The larger share of debt held today by foreigners increases it. ► US debt overhang may induce inflation of 5% for several years. ► This inflation could significantly reduce the debt ratio.
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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Using inflation to erode the US public debt
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