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The inflation adjusted nominal deficit: a note on Robert Barros’s definition

Viviane Luporini ()

Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: This note discusses the concept of 'inflation adjusted nominal deficit' proposed by Robert Barro in light of a stock-flow consistent real deficit. It is argued that the calculation proposed by the author violates the principle of stock-flow consistency and leads one to the erroneous interpretation that a rise in the rate of inflation decreases the government deficit in nominal terms.

Keywords: inflation adjusted nominal deficit; Robert Barro; government deficit (search for similar items in EconPapers)
Date: 2000
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Published in Revista de Economia Política, 2003, vol. 23, n. 1.

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