Tanzi, Vito; Blejer, Mario I.; Teijeiro, Mario O. - In: IMF Staff Papers 34 (1987) 4, pp. 711-738
The presence of high inflation raises questions about the usefulness of the conventional measure of the fiscal deficit as a gauge of necessary fiscal adjustment. Economists are divided on this issue: those who believe that regardless of inflation the conventional measure is the relevant one; and...