). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroeconomic instability, and … and inflation …

, generating more frequent tax news shocks. This pattern remains similar for different tax measures or types of taxes. The findings …

in tax base and rate, and for various types of taxes. We also find that the pre-election decrease in the likelihood of …

This paper quantitatively assesses the effects of inflation shocks on the public debt-to-GDP ratio in 19 advanced … impulse responses by local projections both suggest that a 1 percentage point shock to inflation rate reduces the debt … higher inflation, even if accompanied by some financial repression, could reduce public debt burden only marginally in many …

This paper provides some empirical estimates on how tightly is it feasible to control inflation in a very small open … inflation and output variability that are achievable under a range of alternative monetary policy rules. These frontiers … illustrate that inflation stabilization is more challenging in Iceland than in other industrial countries primarily because of …

Economists generally accept the proposition that high inflation rates generate inefficiencies that reduce society … higher degree of political instability is associated with higher inflation. The paper also draws relevant policy implications … for the optimal design of inflation-stabilization programs and of the institutions favorable to price stability …

This paper investigates the impact of fiscal shocks on inflation, using a large panel of 139 countries over the period … 1970–2021. First, both headline and core measures of inflation increase in response to expansionary shifts in the fiscal … with care in aggregate demand management as it has significant effects on inflation, which are highly dependent on fiscal …