NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Temporarily Unstable Government Debt and Inflation

Troy Davig, Eric M. Leeper

NBER Working Paper No. 16799
Issued in February 2011

---- Acknowledgements -----

We thank Pierre-Olivier Gourinchas and Ayhan Kose for helpful comments and Todd Walker for many useful conversations. The views expressed are those of the authors and do not reflect the position of Barclays Capital, its management, or the National Bureau of Economic Research.

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