Is Inflation Fiscally Determined?
| Autor: | Jun Nagayasu, Lamia Bazzaoui |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Inflation
Latin Americans media_common.quotation_subject Geography Planning and Development monetary policy TJ807-830 Monetary economics Management Monitoring Policy and Law TD194-195 Renewable energy sources Economics public debt GE1-350 inflation Sovereign debt media_common Environmental effects of industries and plants Renewable Energy Sustainability and the Environment Inflation targeting Fiscal space Monetary policy Deflation Fiscal policy Environmental sciences panel VAR GMM fiscal policy |
| Zdroj: | Sustainability Volume 13 Issue 20 Sustainability, Vol 13, Iss 11306, p 11306 (2021) |
| ISSN: | 2071-1050 |
| DOI: | 10.3390/su132011306 |
| Popis: | This paper examines the relationship between fiscal policy and inflation for 44 countries, from 1960 to 2020. The study was conducted using a panel VAR approach while accounting for the difference in monetary policy frameworks and the levels of fiscal space across countries. Results suggest that budget deficits are less likely to cause inflation when monetary policy is based on inflation targeting. In contrast, they are inflationary in the group of countries with a poorly structured monetary policy (such as partially dollarized Latin American economies). |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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