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| Tekijä: | Buffie, E. F. |
| Otsikko: | Public sector wage cycles and the co-movement of the fiscal deficit and inflation in less-developed countries |
| Lehti: | Journal of Money, Credit and Banking
1999 : NOV, VOL. 31:4, p. 785-810 |
| Asiasana: | Incomes Fiscal policy Inflation Developing countries |
| Kieli: | eng |
| Tiivistelmä: | The author analyzes the co-variation of the fiscal deficit and inflation in a simple perfect foresight model that incorporates low- and high-wage cycles of equal depth and duration. When money and consumption are not extremely strong complements and wage cycle not extremely short-lived, inflation rises above its prestabilization level while the deficit is lower. |
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