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Inflationary impact of money-financed deficits

โœ Scribed by Patrick Honohan


Book ID
113246027
Publisher
Elsevier Science
Year
1991
Tongue
English
Weight
550 KB
Volume
13
Category
Article
ISSN
0161-8938

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A theoretical model is constructed in order to explain particular historical experiences in which inflation acceleration apparently helped to spur a period of economic growth. Government financed expenditures affect positively the productivity growth in this model so that the distortionary effect of