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
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)
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Published in Revista de Economia Política, 2003, vol. 23, n. 1.
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