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 …

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 …

The rise of inflation in 2021 and 2022 surprised many macroeconomists who ignored the earlier surge in money growth … seeks to restore low inflation …

The rise of inflation in 2021 and 2022 surprised many macroeconomists who ignored the earlier surge in money growth …-term nominal GDP growth and inflationary pressures as monetary policy tightening seeks to restore low inflation …