Dimitrova, Kalina - International Centre for Economic Research (ICER) - 2010
economic growth and employment. Fiscal institutions , however, often use inflation in order to derive revenues (seigniorage …) and finance budget deficits. Hence, inflation is viewed as a public finance phenomenon (Barro, 1979; Mankiw, 1987; Grilli … between government budget problems, fluctuations of monetary variables and inflation dynamics in different monetary episodes. …