Public Debt, Money Supply, and Inflation : A Cross-Country Study and Its Application to Jamaica /
This paper provides comprehensive empirical evidence that supports the predictions of Sargent and Wallace's (1981) "unpleasant monetarist arithmetic" that an increase in public debt is typically inflationary in countries with large public debt. Drawing on an extensive panel dataset, w...
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| Altres autors: | , |
| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2006.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2006/121 |
| Accés en línia: | Full text available on IMF |