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This paper explains in detail why proof platinum coin seigniorage would not be inflationary …
Persistent link: https://www.econbiz.de/10013121639
determine when and if a seigniorage-maximizing inflation rate occurred and this way provide a rational on the development of … that the seigniorage-maximizing rate of inflation of the Venezuelan economy occurred around the first quarter of 2016 at a …The present work estimates collected seigniorage levels in the Venezuelan economy from 1994Q1 to 2018Q2 and tries to …
Persistent link: https://www.econbiz.de/10012906561
solutions, all have failed as these attempts implicitly assume perfectly-correct inflation statistics. Examining these … assumptions, we discover that not only are the inflation numbers materially flawed, but more so, there are significant incentives … for government entities to under-report inflation. With this, we find that to explain the Equity Premium Puzzle, inflation …
Persistent link: https://www.econbiz.de/10012838903
with inflation performance. …
Persistent link: https://www.econbiz.de/10011833686
When taxes do not sufficiently adjust to government debt levels, the Fiscal Theory of the Price Level predicts that … other variables, such as inflation and output gap, must adjust to ensure the solvency of public finances. We study the role …-off between inflation and output gap: The Persistence, Discounting and Hedging channels. Our findings, based on a rich prior …
Persistent link: https://www.econbiz.de/10014578187
This paper investigates the international spillovers of government debt and the associated risk of inflation within a … inflation at the cost of the funded country. In response to these conflicting interests about inflation, inflation risk may rise … with the level of debt in the PAYG country. Higher inflation risk harms both countries. Actually, in contrast to the debt …
Persistent link: https://www.econbiz.de/10011382085
that productivity shocks alone generate significant variation in inflation across the two countries. Government spending … shocks, in contrast, do not account for a significant portion of inflation variation. Varying relative country size, we find … that smaller countries experience higher variability of their inflation differential in response to shocks to productivity …
Persistent link: https://www.econbiz.de/10013320200
empirically establish the relationship between budget deficits, money supply and inflation in Tanzania during the period 1967 …-2018. The study established inflation, money supply and budget deficit, as conditioned by output were cointegrated. Nonetheless …, the null hypotheses that budget deficit Granger cause inflation and money supply Granger cause inflation both over the …
Persistent link: https://www.econbiz.de/10012829845