Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Research Department, issuing body.
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| ISBN: | 1455238309
9781455238309
1462358012
9781462358014
1455210161
9781455210169
128160240X
9781281602404
9786613783097
6613783099
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| Notes: | Includes bibliographical references (pages 15-16).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | 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 fiscal deficit. the model is based on a modified version of the cash in advance constraint. the results of numerical simulations suggest that an increase in the growth of debt to finance current consumption leads to an equal increase in inflation. the timing of this increase varies with the size of the deficit and the pace of economic growth. It is shown that small increases in small deficits yield fairly significant increases in inflation. Three policy conclusions are offered.
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| Other form: | Print version: Barrionuevo, José M. Inflation and fiscal deficits. [Washington, D.C.?] : International Monetary Fund, [1992]
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