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On the mechanics of fiscal inflations
Bassetto, Marco; Benzoni, Luca; Hall, Jason - 2024
view of inflation. Second, we discuss how the recent inflationary episode has contributed to redistributing real resources …
Persistent link: https://www.econbiz.de/10014634111
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The theory of monetary disorder : debt finance, existing assets, and the consequences of prolonged monetized budget deficits and ultra-easy monetary policy
Palley, Thomas I. - 2023
. That disorder is likely to develop long before inflation accelerates so that inflation targeting fails to protect against …
Persistent link: https://www.econbiz.de/10014529497
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Politics, financial crisis, central bank constitution and monetary policy
Bernholz, Peter - 2010
Persistent link: https://www.econbiz.de/10009317826
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Puzzles of Inflation, Money, and Debt : Applying the Fiscal Theory of the Price Level
Coleman, Thomas; Oliver, Bryan; Siegel, Laurence B. - 2021
The fiscal theory of the price level (FTPL) solves puzzles raised by standard monetary theories. FTPL is forward looking and dynamic, and investors can use it to calculate the value of “money” through discounted free cash flow analysis
Persistent link: https://www.econbiz.de/10013310863
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Rational expectations and the stability of balanced monetary development : conference paper
Böhm, Volker - 2014 - Preliminary and incomplete, Version: February 28, 2014
monetary effects on inflation and monetary growth determine the real value of money (or of government debt) in the long run …
Persistent link: https://www.econbiz.de/10010485297
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Monetary policy under a fiscal theory of sovereign default
Schabert, Andreas - 2009
This paper examines equilibrium determination under different monetary policy regimes when the government might default on its debt. We apply a cash-in-advance model where the government does not have access to non-distortionary taxation and does not account for initial outstanding debt when it...
Persistent link: https://www.econbiz.de/10011379355
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Public debt, money supply, and inflation : a cross-country study and its application to Jamaica
Kwon, Goohoon; McFarlane, Lavern; Robinson, Wayne A. - 2006
Persistent link: https://www.econbiz.de/10003348060
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Public Debt, Money Supply, and Inflation : A Cross-Country Study and its Application to Jamaica
Kwon, Goohoon - 2006
predictions of a forward-looking model of inflation. Wealth effects of public debt could also affect inflation, as posited by the … fiscal theory of the price level, but we do not find supportive evidence. The results suggest that the risk of a debt-inflation … inflation …
Persistent link: https://www.econbiz.de/10012779880
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The national income between monetary and fiscal actions
Opreana, Alin - In: Expert journal of finance 1 (2013), pp. 28-32
Persistent link: https://www.econbiz.de/10011572400
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The Relationship between Money Supply and the Rate of Inflation : A Causality Approach to the Study of the Jamaican Economy, 1961-2006
Indalmanie, Samuel P. - 2015
The objective of this paper is to test the hypothesis that there is a causal link between the rate of inflation and the … rate of growth of money supply. Using quarterly data series for Jamaica during the period 1961 to 2006, the results show … that there is a feedback effect between inflation and narrow money. On the other hand, there is a unidirectional causation …
Persistent link: https://www.econbiz.de/10013025341