Lin, Hsin-Yi; Chu, Hao-Pang - In: Journal of International Money and Finance 32 (2013) C, pp. 214-233
) specification, and examines the deficit–inflation relationship in 91 countries from 1960 to 2006. The DPQR model estimates the … impact of deficits on inflation at various inflation levels and allows for a dynamic adjustment with the ARDL specification …. The empirical results show that the fiscal deficit has a strong impact on inflation in high-inflation episodes, and has a …