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...
| Главный автор: | |
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| Другие авторы: | , |
| Формат: | Электронная книга |
| Язык: | English |
| Публикация: |
[Washington, D.C.]
International Monetary Fund,
[2019]
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| Серии: | IMF working paper ;
WP/19/90. |
| Предметы: | |
| Online-ссылка: | EBSCOhost Перейти в каталог НБ ТГУ |