TY  - BOOK
AU  - Catao,Luis
AU  - Terrones,Marco
TI  - Fiscal deficit and inflation: a new look at the emerging market evidence 
T2  - IMF working paper
U1  - 336.3 21
PY  - 2001///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - POLITICA FISCAL
KW  - INFLACION
N1  - Bibliografía: p. 29-31
N2  - 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
ER  -