Quick question please - with dept to GDP numbers hitting close to record levels, how do governments pay it back? Don't they need to hoodwink bond holders into buying or keeping them at a negative net real interest rate so that over time inflation does it thing and reduces the burden. Similar to post WWII to 1970-80's period.
Nice piece Alfonso! Very well written, easy to follow. Looking forward to the articles to come!
How do you calculate G5 credit impulse?
Alfonso - thanks for a great the article!
Quick question please - with dept to GDP numbers hitting close to record levels, how do governments pay it back? Don't they need to hoodwink bond holders into buying or keeping them at a negative net real interest rate so that over time inflation does it thing and reduces the burden. Similar to post WWII to 1970-80's period.
Cheers
Riki
Excellent article! New info I haven't seen before regarding the 1 yr inflation swap and enjoyed learning it. Thanks
Nice