Deficits, inflation and central banks' independence: evidence from developing nations

Ken Brown () and M. Yousefi

Applied Economics Letters, 1996, vol. 3, issue 8, 505-509

Abstract: Deficits should Granger-cause inflation in developing countries since the central banks are not autonomous. Nevertheless, our empirical results refute the causality between government deficits and inflation in a study of ten developing countries.

Date: 1996
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DOI: 10.1080/135048596356122

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