Table 5.
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Counterfactual impact of higher inflation with different maturity distributions

 Including only debt of maturity up to:
Inflation counterfactual1 year5 yearsAll
1. Permanently higher0.1%0.7%2.3%
2. Right tail only0.1%0.8%3.9%
3. Higher and more variable0.1%0.6%1.6%
4. Higher for sure0.1%0.7%2.8%
5. Partially anticipated0.1%0.1%0.4%
6. Temporary increase0.1%0.4%0.6%
7. Gradual increase0.0%0.2%1.5%
 Including only debt of maturity up to:
Inflation counterfactual1 year5 yearsAll
1. Permanently higher0.1%0.7%2.3%
2. Right tail only0.1%0.8%3.9%
3. Higher and more variable0.1%0.6%1.6%
4. Higher for sure0.1%0.7%2.8%
5. Partially anticipated0.1%0.1%0.4%
6. Temporary increase0.1%0.4%0.6%
7. Gradual increase0.0%0.2%1.5%

Each cell shows the fall in the real present value of debt as a ratio of GDP.

Table 5.
Open in new tab

Counterfactual impact of higher inflation with different maturity distributions

 Including only debt of maturity up to:
Inflation counterfactual1 year5 yearsAll
1. Permanently higher0.1%0.7%2.3%
2. Right tail only0.1%0.8%3.9%
3. Higher and more variable0.1%0.6%1.6%
4. Higher for sure0.1%0.7%2.8%
5. Partially anticipated0.1%0.1%0.4%
6. Temporary increase0.1%0.4%0.6%
7. Gradual increase0.0%0.2%1.5%
 Including only debt of maturity up to:
Inflation counterfactual1 year5 yearsAll
1. Permanently higher0.1%0.7%2.3%
2. Right tail only0.1%0.8%3.9%
3. Higher and more variable0.1%0.6%1.6%
4. Higher for sure0.1%0.7%2.8%
5. Partially anticipated0.1%0.1%0.4%
6. Temporary increase0.1%0.4%0.6%
7. Gradual increase0.0%0.2%1.5%

Each cell shows the fall in the real present value of debt as a ratio of GDP.

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