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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Main Authors: | , , |
Corporate Author: | |
Format: | Electronic eBook |
Language: | English |
Published: |
[Washington D.C.] :
International Monetary Fund, Western Hemisphere Dept.,
2006
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Series: | IMF working paper ;
WP/06/121. |
Subjects: | |
Local Note: | ProQuest Ebook Central |