Fiscal Inflation

Why are we seeing inflation? The government dropped about $5 trillion in people's bank accounts, a classic fiscal helicopter drop. Why did this one produce inflation? People do not believe this debt will be repaid. Will inflation continue? Whether we see a one-time price-level increase or continued inflation depends on future fiscal and monetary policy, and whether people will believe that new debt does come with a commitment to repayment that this debt evidently did not have

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Year of publication:	[2022]
Authors:	Cochrane, John H.
Publisher:	[S.l.] : SSRN
Subject:	Inflation \| Finanzpolitik \| Fiscal policy \| Öffentlicher Haushalt \| Public budget \| Öffentliche Ausgaben \| Public expenditure \| Öffentliche Finanzen \| Public finance \| Haushaltsdefizit \| Budget deficit \| Inflationsbekämpfung \| Anti-inflation policy \| Öffentliche Schulden \| Public debt

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Extent:	1 Online-Ressource (16 p)
Series:	Populism and the Fed, James Dorn Ed., Cato Institute
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 2, 2022 erstellt
Other identifiers:	10.2139/ssrn.4024425 [DOI]
Classification:	E31 - Price Level; Inflation; Deflation ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013306940