Using the example of SL to illustrate
Robin Wigglesworth notes the there is an upside to inflation: "a 30 percentage point reduction in global debt-to-GDP in just four years".
This is a pretty substantial decline, but of course it is the result of an implicit wealth transfer.
www.ft.com/content/2988...
Using the example of SL to illustrate
Given the broad-based nature of this, a great point to take a deep dive of this to understand fiscal adjustments in the context of sovereign debt stress.
🧵
#EconSky
Given the broad-based nature of this, a great point to take a deep dive of this to understand fiscal adjustments in the context of sovereign debt stress.
🧵
#EconSky