Please use this identifier to cite or link to this item: https://ah.nccu.edu.tw/handle/140.119/74865


Title: Are fiscal deficits inflationary?
Authors: 林馨怡
Lin, Hsin-Yi;Chu, Hao-Pang
Contributors: 經濟系
Keywords: Autoregressive distributional lag;Dynamic panel data;Fiscal deficits;Inflation;Quantile regression
Date: 2013-02
Issue Date: 2015-04-27 16:19:38 (UTC+8)
Abstract: This paper applies the dynamic panel quantile regression (DPQR) model under the autoregressive distributional lag (ARDL) specification, and examines the deficit–inflation relationship in 91 countries from 1960 to 2006. The DPQR model estimates the impact of deficits on inflation at various inflation levels and allows for a dynamic adjustment with the ARDL specification. The empirical results show that the fiscal deficit has a strong impact on inflation in high-inflation episodes, and has a weak impact in low-inflation episodes. The results imply that fiscal consolidation would be more effective in price stabilization the higher the inflation rate is, and are consistent with the theoretical model of Catão and Terrones (2005).
Relation: Journal of International Money and Finance, 32, 214-233
Data Type: article
DOI 連結: http://dx.doi.org/10.1016/j.jimonfin.2012.04.006
Appears in Collections:[經濟學系] 期刊論文

Files in This Item:

File Description SizeFormat
214-233.pdf251KbAdobe PDF869View/Open


All items in 學術集成 are protected by copyright, with all rights reserved.


社群 sharing