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Fiscal News and Inflationary Expectations in Germany after World War I

Bibliographic Data

ID10102644
AuthorsSteven B Webb, Steven Β Webb (University of Michigan, corresponding author)
Year1986
Volume46
Issue3
Pages769-794
Publication date1986-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic History (JOURNAL)
Journal identifiersISSN: 0022-0507 • E-ISSN: 1471-6372
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022050700046878
OpenAlexW2120457443
LanguageEN
Citations received10
References cited22

Inflation in Germany from 1919 to 1923 resulted from the accumulation and the anticipation of government deficits. Inflationary expectations depended therefore on fiscal news. Allied demands for reparations, the occupation of the Ruhr, and domestic revolts were important negative news and led to increased inflation. Tax reforms and eventually the end to government deficits were important positive news and ushered in periods of price stability. Political events were fiscal news as they changed the chances for the government to balance the budget

Anticipation (artificial intelligence · Balance (ability · Economic policy · Economic stability · Economics · Fiscal policy · Government (linguistics · Inflation (cosmology · Keynesian economics · Macroeconomics · Monetary economics · Monetary policy · Political science · Politics · Price of stability · European Monetary and Fiscal Policies · Fiscal Policies and Political Economy · Law · Monetary Policy and Economic Impact

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Unique citing works10
Citations per year0,26
Citation span1987 - 2023 (37)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 10

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