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Monetary-fiscal policy interaction and fiscal inflation : a tale of three countries
Kliem, Martin; Kriwoluzky, Alexander; Sarferaz, Samad - 2015
We study the impact of the interaction between fiscal and monetary policy on the low-frequency relationship between the fiscal stance and inflation using crosscountry data from 1965 to 1999. In a first step, we contrast the monetary-fiscal narrative for Germany, the U.S. and Italy with evidence...
Persistent link: https://www.econbiz.de/10011391752
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Monetary-fiscal policy interaction and fiscal inflation : a tale of three countries
Kliem, Martin; Kriwoluzky, Alexander; Sarferaz, Samad - In: European economic review : EER 88 (2016), pp. 158-184
Persistent link: https://www.econbiz.de/10011770866
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Monetary-fiscal policy interaction and fiscal inflation : a tale of three countries
Kliem, Martin; Kriwoluzky, Alexander; Sarferaz, Samad - 2015
We study the impact of the interaction between fiscal and monetary policy on the low-frequency relationship between the fiscal stance and inflation using cross-country data from 1965 to 1999. In a first step, we contrast the monetary-fiscal narrative for Germany, the U.S. and Italy with evidence...
Persistent link: https://www.econbiz.de/10011379217
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Monetary-fiscal policy interaction and fiscal inflation: a tale of three countries
Kliem, Martin; Kriwoluzky, Alexander; Sarferaz, Samad - 2015
We study the impact of the interaction between fiscal and monetary policy on the low-frequency relationship between the fiscal stance and inflation using cross-country data from 1965 to 1999. In a first step, we contrast the monetary-fiscal narrative for Germany, the U.S. and Italy with evidence...
Persistent link: https://www.econbiz.de/10011382562
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Relationship between budget deficit and interest rate in the economy of Sri Lanka : an econometric study
Mukhopadhyay, Chandan Kumar; Datta, Kanchan - In: Economic issues in SAARC context, (pp. 236-255). 2008
Persistent link: https://www.econbiz.de/10003794386
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A model-based indicator of the fiscal stance
Polito, Vito; Wickens, Michael R. - In: European economic review : EER 56 (2012) 3, pp. 526-551
Persistent link: https://www.econbiz.de/10009657484
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The inflation impact of bonds versus money financing of fiscal deficits in India : some theoretical and empirical perspectives
Dhal, Sarat - In: Macroeconomics and finance in emerging market economies 8 (2015) 1/3, pp. 167-184
Persistent link: https://www.econbiz.de/10011402364
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Tax smoothing in a financially repressed economy : evidence from India
Cashin, Paul A.; Olekalns, Nilss; Sahay, Ratna - 1998
Persistent link: https://www.econbiz.de/10000995387
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Tax smoothing in a financially repressed economy : evidence from India
Cashin, Paul A. - 1998
Persistent link: https://www.econbiz.de/10000997377
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Tax Smoothing in a Financially Repressed Economy : Evidence From India
Cashin, Paul - 1998
India has a long history of running fiscal deficits. Two broad considerations motivate a government to run a deficit … 1951-52 to 1996-97. The empirical results indicate that the central government of India has tax-smoothed, while the … regional governments of India have not. The paper also finds evidence of tax tilting, reflected in financial repression, which …
Persistent link: https://www.econbiz.de/10014401306