Anchors aweigh: how fiscal policy can undermine 'good' monetary policy
Policymakers have long understood that if fiscal policy runs amuck and monetary policy is forced to raise seigniorage revenues big inflations result. Latin American policymakers understand this outcome better than most. This message is implicit in Cagan’s (1956) initial study of hyperinflation and t...
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| Format: | Artículo |
| Language: | eng |
| Published: |
Banco Central de Chile
2019
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| Subjects: | |
| Online Access: | https://hdl.handle.net/20.500.12580/3885 |
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