Fiscal Deficits and Inflation

Fiscal Deficits and Inflation
Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has had limited success in uncovering this relationship. This paper reexamines the issue in light of broader data and a new modeling approach that incorporates two key features of the theory. Unlike previous studies, we model inflation as nonlinearly... READ MORE...

Publication date: April 2003
ISBN 9781451848700
$15.00

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