Benefits and Burdens of Indexed Debt: Some Lessons from Israel’s Experience

Ephraim Kleiman
Additional contact information
Ephraim Kleiman: The Hebrew University of Jerusalem

Chapter 9 in The Economics of Public Debt, 1988, pp 264-291 from Palgrave Macmillan

Abstract: Abstract Despite the considerable growth of professional interest in indexation in the last decade, and the rich theoretical literature on the subject, we still seem to lack an applicable model, which would allow us to estimate the effects of indexation as actually practiced. In particular, we would wish to compare the results with those of a counterfactual world where, under the same circumstances, indexation has not been introduced. In the absence of such a model (and given the limitations of the present author), what follows here is a rather impressionistic, stylised facts description of public debt indexation as it has been practiced in Israel.

Keywords: Total Factor Productivity; Consumer Price Index; Real Interest Rate; Public Debt; Real Rate (search for similar items in EconPapers)
Date: 1988
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-19459-9_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349194599

DOI: 10.1007/978-1-349-19459-9_9

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().