Public debt, money supply, and inflation : a cross-country study and its applications 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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Bibliographic Details
Online Access: Full text (MCPHS users only)
Main Authors: Kwon, Goohoon (Author), McFarlane, Lavern (Author), Robinson, Wayne (Wayne Anthony), 1972- (Author)
Corporate Author: International Monetary Fund. Western Hemisphere Department
Format: Electronic eBook
Language:English
Published: [Washington D.C.] : International Monetary Fund, Western Hemisphere Dept., 2006
Series:IMF working paper ; WP/06/121.
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Local Note:ProQuest Ebook Central