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008 101206s2001 dcu||||| |||| 00| 0 eng d
040 _aarcduce
_carcduce
082 _221
_a336.3
100 1 _91100
_aCatao, Luis
245 1 0 _aFiscal deficit and inflation :
_ba new look at the emerging market evidence /
_cprepared by Luis Catao and Marco Torres.
260 _aWashington, D.C. :
_bInternational Monetary Fund,
_c2001
300 _a31 p.
490 0 _aIMF working paper ;
_vno. WP/01/74
504 _aBibliografía: p. 29-31.
520 _aEmpirical 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.
650 4 _aPOLITICA FISCAL
_9160
650 4 _aINFLACION
_9282
700 1 _91099
_aTerrones, Marco
942 _2ddc
_cDOCU
_jF 336.3 C 20803
945 _aBEA
_d2010-12-06
999 _c22200
_d22200