Fiscal Implications of Interest Rate Normalization in the United States
This paper studies the main channels through which interest rate normalization has fiscal implications in the United States. While unexpected inflation reduces the real value of government liabilities, a rising policy rate increases government financing needs because of higher interest payments and...
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| Other Authors: | , |
| Format: | eBook |
| Language: | English |
| Published: |
[Washington, D.C.]
International Monetary Fund,
[2019]
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| Series: | IMF working paper ;
WP/19/90. |
| Subjects: | |
| Online Access: | EBSCOhost Перейти в каталог НБ ТГУ |