Virtual Deficits and the Patinkin Effect /

Virtual Deficits and the Patinkin Effect /

The paper develops a model of inflationary finance that defines the fiscal deficit as a function of the virtual deficit-a deficit that would be observed if inflation were zero. It studies the negative relationship between the inflation rate and real government expenditures-the Patinkin effect. The m...

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Dades bibliogràfiques
Autor principal:	Cardoso, Eliane
Format:	Revista
Idioma:	English
Publicat:	Washington, D.C. : International Monetary Fund, 1998.
Col·lecció:	IMF Working Papers; Working Paper ; No. 1998/041
Accés en línia:	Full text available on IMF

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