The purpose of this paper is to evaluate critically both the traditional theory of governments deficit "monetization" and the New Classical views. Using applied time-series analysis, the authors conclude that there is no evidence to support the thoery that there exists a Granger causal link between budget deficits and inflation with the data of the last half-century of the G-7 countries (excluding Japan).
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Publisher Info
Paper provided by University of Ottawa, Department of Economics in its series Working Papers with number
9903e.
Did you know? Each page is provided with a technical contact, in case something is not right with the supplied information. See under "publisher info".