文章基本信息

标题：Is Inflation Fiscally Determined?
本地全文：下载
作者：Lamia Bazzaoui ; Jun Nagayasu
期刊名称：Sustainability
印刷版ISSN：2071-1050
出版年度：2021
卷号：13
期号：20
页码：11306
DOI：10.3390/su132011306
语种：English
出版社：MDPI, Open Access Journal
摘要：This paper examines the relationship between fiscal policy and inflation for 44 countries, from 1960 to 2020. The study was conducted using a panel VAR approach while accounting for the difference in monetary policy frameworks and the levels of fiscal space across countries. Results suggest that budget deficits are less likely to cause inflation when monetary policy is based on inflation targeting. In contrast, they are inflationary in the group of countries with a poorly structured monetary policy (such as partially dollarized Latin American economies).