Inflation and Fiscal Deficits : The Irrelevance of Debt and Money Financing

The Irrelevance of Debt and Money Financing

Inflation and Fiscal Deficits : The Irrelevance of Debt and Money Financing
The purpose of this paper is to present a model that circumvents the requirement of explicitly setting a period in which the fiscal budget is to be balanced, yet implies that increases in the growth of public debt are bound to increase inflation when there is no perceived commitment to reduce the fiscal deficit. The model is based on a modified... READ MORE...

Publication date: December 1992
ISBN 9781451852561
$15.00

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