The problem is inflation-control, not spending-control

The problem of mounting public debt should be attributed to the inability to control inflation instead of restricting public expenditures as many economists would suggest. The use of inappropriate monetary and fiscal tools to control inflation have aggravated the problem. In light of new findings, it is suggested that tax-based incomes policies and Lerner's market anti-inflation plan, among others, should be tried out.

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Year of publication:	1995
Authors:	MCLEOD, A.N.
Published in:	Banca Nazionale del Lavoro Quarterly Review. - Banca Nazionale del Lavoro. - Vol. 48.1995, 193, p. 145-158
Publisher:	Banca Nazionale del Lavoro
Subject:	Analysis \| Management \| Inflation \| Public expenditures \| Public debt

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Extent:	application/pdf
Type of publication:	Article
Classification:	E31 - Price Level; Inflation; Deflation ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010854366