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Inflation and the Real Value of Debt: A Double-edged Sword
Abstract: The recent bout of inflation will immediately reduce the real value of existing debts, but it will also tend to raise expected inflation. This could raise future borrowing costs.
Keywords: inflation; real value of debt;
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https://www.stlouisfed.org/on-the-economy/2022/aug/inflation-real-value-debt-double-edged-sword
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Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2022-08-01