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This chapter presents empirical evidence: (i) on chronic inflation; (ii) the three pathologies, namely public debt crises, external debt crises and hyperinflation and (iii) the adjustment of government bonds prices to a fiscal imbalance.

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Budget Constraint

  • 章节

  • 发表日期：

    2025年

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  • Fernando de Holanda Barbosa,
  • Luiz Antônio de Lima Junior

摘要

This chapter presents empirical evidence: (i) on chronic inflation; (ii) the three pathologies, namely public debt crises, external debt crises and hyperinflation and (iii) the adjustment of government bonds prices to a fiscal imbalance.