The paper presents and applies an integrated framework to assess the consistency between fiscal deficits and other macroeconomic targets, in particular output growth and the rate of inflation. The model centers around the government budget constraint and can be used to either derive the financeable deficit given inflation targets, or to derive an equilibrium inflation rate for which no fiscal ajdustment would be necessary. The model is used to analyze...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1989/08/31
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Рабочий документ в рамках исследования вопросов политики
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WPS261
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1
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1
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2010/07/01
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Inflation, external debt, and financial sector reform : a quantitative approach to consistent fiscal policy
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inflation
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