On deficit financing
dc.contributor.author | Swamy, Dalip S. | |
dc.date.accessioned | 2010-03-13T10:16:14Z | |
dc.date.available | 2010-03-13T10:16:14Z | |
dc.date.copyright | 1974 | |
dc.date.issued | 2010-03-13T10:16:14Z | |
dc.identifier.uri | http://hdl.handle.net/11718/1022 | |
dc.description.abstract | The main conclusion emerging from the analysis is that the inflationary impact of a budget deficit depends upon the method used to finance that deficit. Using a static and a dynamic macroeconomic model it has been shown that the proportion of budget deficit financed by money creation is a crucial determinant of the rate of price inflation. The price inflaction will be greater, the higher the proportion of budget/ financed by money creation deficit conditions under which this conclusion holds have derived. a crude empirical test is provided. | en |
dc.language.iso | en | en |
dc.relation.ispartofseries | WP;1974/24 | |
dc.subject | Deficit Financing | en |
dc.subject | Budget deficits | en |
dc.subject | Economics | en |
dc.title | On deficit financing | en |
dc.type | Working Paper | en |
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