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policy and inflation. As a backdrop, we briefly lay out several theoretical approaches to the effects of fiscal deficits on … inflation: the earlier Keynesian and monetarist approaches; and modern approaches incorporating expectations and forward looking …We find that the relationship between fiscal deficits and inflation generally holds in wartime when fiscally stressed …
Persistent link: https://www.econbiz.de/10012482414
policy and inflation. As a backdrop, we briefly lay out several theoretical approaches to the effects of fiscal deficits on … inflation: the earlier Keynesian and monetarist approaches; and modern approaches incorporating expectations and forward looking … fiscal deficits and inflation generally holds in wartime when fiscally stressed governments resorted to the inflation tax …
Persistent link: https://www.econbiz.de/10013250933
The subject of this paper is four Balkan countries (Albania, Serbia, Macedonia, and Montenegro) that are determined to join the European Union. More particularly, it looks at their work towards accomplishing the political, legal and economic requirements for the EU. Thus, the legislation with...
Persistent link: https://www.econbiz.de/10012120202
Persistent link: https://www.econbiz.de/10011567961
Persistent link: https://www.econbiz.de/10014251012
Poland edged towards hyperinflation towards the latter half of 1989,but inflation fell dramatically after drastic … reformswere enacted in January of 1990. We analyse the consistency betweenfiscal deficits and inflation targets and assess Poland … fiscal deficits and inflation. We also assessthe impact of financial sector measures on seignioragerevenue and the …
Persistent link: https://www.econbiz.de/10011301167
Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has had limited success in … incorporates two key features of the theory. Unlike previous studies, we model inflation as nonlinearly related to fiscal deficits … through the inflation tax base and estimate this relationship as intrinsically dynamic, using panel techniques that explicitly …
Persistent link: https://www.econbiz.de/10014403956
Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has had limited success in … incorporates two key features of the theory. Unlike previous studies, we model inflation as nonlinearly related to fiscal deficits … through the inflation tax base and estimate this relationship as intrinsically dynamic, using panel techniques that explicitly …
Persistent link: https://www.econbiz.de/10012783033
inflation could even liquidate German debt …
Persistent link: https://www.econbiz.de/10013090225
The aim of the article is to investigate the fiscal determinants of stock-flow adjustment (SFA). Previous literature suggests that SFA may be used strategically to reduce budget deficit and public debt. As such, SFA impairs fiscal transparency and may endanger fiscal sustainability. Therefore,...
Persistent link: https://www.econbiz.de/10012104430