Journal of Indian School of Political Economy

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Dynamics of Inflation and Fiscal Dificits:Implications for Inflation Targeting


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1 Madras School of Economics, Gandhi Mandapam Road, Chennai-600025, India
     

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The government expenditure is found to adjust more rapidly than revenue to a given change in the price level and thus, giving room for procyclical fiscal deficit to emerge.
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  • Dynamics of Inflation and Fiscal Dificits:Implications for Inflation Targeting

Abstract Views: 246  |  PDF Views: 0

Authors

M. Ramachandran
Madras School of Economics, Gandhi Mandapam Road, Chennai-600025, India

Abstract


The government expenditure is found to adjust more rapidly than revenue to a given change in the price level and thus, giving room for procyclical fiscal deficit to emerge.