Public Debt: General Policies and Best Practices

Jul 15, 2019 · Where b = debt to GDP ratio, z = primary deficit toGDP ratio, s = seignorage measured as (∆S/GDP)*h, where h = inflation, r = real rate of interest, y = rate of growth. A value of s ( 0 implies that government has elected to boosting its revenue base via the creation of money, seignorage. ................
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