Can Public Spending Cuts be Inflationary?
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The paper uses a demand for seigniorage revenue and supply of seigniorage revenue approach to determine the consequences 0 cots in public spending for the rate of inflation. Monetary financing is viewed as the residual financing mode, with tax rates and pubic debt-GDP ratios held constant. In a
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美国国家经济研究局创建时间：
1988-03-01
