NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Nominal Debt as a Burden on Monetary Policy

Ramon Marimon, Javier Díaz-Giménez, Giorgia Giovannetti, Pedro Teles

NBER Working Paper No. 13677
Issued in December 2007

---- Acknowledgments ----

We thank Narayana Kocherlakota, and two anonymous referees for very useful comments and suggestions. We also thank Isabel Correia and Juan Pablo Nicolini for their comments, as well as the participants in seminars and conferences where this work has been presented. Financial support of the Spanish Ministerio de Ciencia y Tecnología (Grants: SEC2002-004318), FIRB (Grant RBNE03YT7Z-006) and the Fundação de Ciência e Tecnologia of Portugal is also acknowledged. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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