If expansionary fiscal policy is inflationary, then expansionary fiscal policy forces an inflation-targeting central …

uncorrected, must cause inflation, but the imbalance may get corrected in the future with some probability. By maintaining price …

fiscal stance and inflation using cross-country data from 1965 to 1999. In a first step, we contrast the monetary … that the low-frequency relationship between the fiscal stance and inflation is low during periods of an independent central … illustrate the mechanisms through which fiscal actions affect inflation in the long run. The findings from the DSGE model suggest …

control inflation and influence the economy in the usual ways. The paper discusses models of fiscal limits and their …