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