Government Debt Monetization and Inflation: a Somewhat Jaundiced View

Mario Seccareccia () and A. Sood

Working Papers from University of Ottawa, Department of Economics

Abstract: The purpose of this paper is to evaluate critically both the traditional theory of governments deficit "monetization" and the New Classical views. Using applied time-series analysis, the authors conclude that there is no evidence to support the thoery that there exists a Granger causal link between budget deficits and inflation with the data of the last half-century of the G-7 countries (excluding Japan).

Keywords: INFLATION; DEFICIT; DEBT (search for similar items in EconPapers)
JEL-codes: E31 H62 H63 (search for similar items in EconPapers)
Pages: 29 pages
Date: 1999
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ott:wpaper:9903e

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