Inflation and Fiscal Deficits : The Irrelevance of Debt and Money Financing /
The purpose of this paper is to present a model that circumvents the requirement of explicitly setting a period in which the fiscal budget is to be balanced, yet implies that increases in the growth of public debt are bound to increase inflation when there is no perceived commitment to reduce the fi...
| Main Author: | |
|---|---|
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1992.
|
| Series: | IMF Working Papers; Working Paper ;
No. 1992/102 |
| Online Access: | Full text available on IMF |