摘要翻译:
复利和通货膨胀随时间呈指数增长,而其他偿还债务的手段则呈多项式增长。出于这个和其他主要是政治原因,没有通货膨胀的债务是不可持续的。我们建议通过取消债务来消除债务的不连续方法。这种情况比目前央行的量化宽松战略更可取,因为它允许在没有恶性通胀或臃肿资产负债表的情况下处置债务。
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英文标题:
《Quantitative easing is an incomplete strategy that must be accompanied
by the nullification of debt》
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作者:
Karl Svozil
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最新提交年份:
2015
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分类信息:
一级分类:Quantitative Finance 数量金融学
二级分类:General Finance 一般财务
分类描述:Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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英文摘要:
Compound interest as well as inflation grows exponentially with time, whereas other means to repay debt grow polynomially. For this and other, mostly political, reasons, debt without inflation is unsustainable. We suggest a discontinuous way to eliminate debt by nullifying it. This scenario is preferable to current central bank strategies of quantitative easing because it allows the disposal of debt without hyperinflation or bloated balance sheets.
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PDF链接:
https://arxiv.org/pdf/1303.6183


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