[分享]INFLATION AND GOVERNMENT DEFICITS

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

GERALD P. DWYER JR.

 Emory University. I would like to thank Raymond C. Battalio, Paul Evans, Charles Piggott, Alan Wiley, the referees, and John Chant for helpful comments on an earlier draft of this paper. The Center for Education and Research in Free Enterprise at Texas A & M University provided financial support.

ABSTRACT

There is a pronounced positive correlation of inflation and government deficits in the United States since World War II. The purpose of this paper is to test the three leading explanations of this correlation. These three explanations are: (a) a deficit increases prices through a wealth effect; (b) a deficit results in the Federal Reserve purchasing debt, thus increasing the money supply and prices; and (c) expected inflation increases the deficit (which is the change in the nominal value of bonds). No support is found for either of the first two hypotheses. The results indicate that expected government deficits have no significance for future inflation.

305172.pdf (943.01 KB, 需要: 5 个论坛币)

2009-3-18 06:25:00 上传

[分享]INFLATION AND GOVERNMENT DEFICITS
需要: 5 个论坛币  [购买]

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏0 回帖

关键词：GOVERNMENT inflation DEFICITS flation Deficit 分享 AND inflation GOVERNMENT DEFICITS