Series: IMF Working Papers
Author(s): Luis Catão , and Marco Terrones
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2003
Keywords: Macroeconomic Stabilization, price inflation, monetary policy, inflation tax, low inflation, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General,
Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has had limited success in uncovering this relationship. This paper reexamines the issue in light of broader data and a n...