Fiscal deficit and inflation : a new look at the emerging market evidence / prepared by Luis Catao and Marco Torres.
Tipo de material:
TextoSeries IMF working paper ; no. WP/01/74Detalles de publicación: Washington, D.C. : International Monetary Fund, 2001Descripción: 31 pTema(s): Clasificación CDD: - 21 336.3
| Tipo de ítem | Biblioteca actual | Signatura topográfica | Estado | Fecha de vencimiento | Código de barras | |
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Documento
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Biblioteca Manuel Belgrano | F 336.3 C 20803 (Navegar estantería(Abre debajo)) | Disponible | 20803 F |
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Bibliografía: p. 29-31.
Empirical studies have had little success in finding a statistically significant relationship between fiscal deficits and inflation in broad cross-country panels. This paer provides new econometric estimates for a panel of 23 emerging market countries during 1970-2000. We find that a 1 percentage point reduction in the ratio of fiscal deficit to GDP typically lowers long-run inflation by 1½ to 6 percentage points, depending on the size of the inflation tax base.
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