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). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroeconomic instability, and … and inflation …
Persistent link: https://www.econbiz.de/10012517915
variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and … investment, and fiscal balances, from an empirical perspective. Based on empirical findings-particularly regarding inflation …
Persistent link: https://www.econbiz.de/10014411766
This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using … cointegration and error correction models. While inflation inertia is found to be a key determinant of consumer price inflation, the … econometric results indicate that government spending, money supply growth, global inflation, and exchange rate pass-through play …
Persistent link: https://www.econbiz.de/10014395269
general equilibrium model, suggest that Turkey would have experienced a significantly lower inflation rate, with only a small …
Persistent link: https://www.econbiz.de/10014395994
This paper analyzes the erosion of fiscal revenue by inflation resulting from the issuance of money. The empirical … evidence for a number of developing countries supports the well-known hypothesis that an increase in inflation will result in a … generate resources to finance government expenditures via the inflation tax will involve a loss in other revenues, making this …
Persistent link: https://www.econbiz.de/10014396042
additional investment for enhancing growth. If there are lags in tax collection, an increase in inflation erodes real fiscal … as increases the welfare cost of inflation. As such, the optimal rate of monetary expansion, equilibrium capital …
Persistent link: https://www.econbiz.de/10014396286
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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 …
Persistent link: https://www.econbiz.de/10012155195