Indexation of public debt: analytical considerations and an application to the case of Brazil

Since the implementation of the Real Plan of 1994, the Brazilian economy has been in the process of reducing its degree of indexation. For more than three decades, Brazilian wages, rents, financial securities, and other contracts were indexed to the price level. The frequency of adjustment sometimes...

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Bibliographic Details
Main Author: Goldfajn, Ilan
Format: Artículo
Language:eng
Published: Banco Central de Chile 2019
Subjects:
Online Access:https://hdl.handle.net/20.500.12580/3635
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