Government Deficits and Money Growth
Bibliographic Data
| ID | 19319287 |
|---|---|
| Authors | Stuart Landon, Bradford G Reid |
| Year | 1990 |
| Volume | 72 |
| Issue | 3 |
| Pages | 382 |
| Publication date | 1990-08-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Review of Economics and Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0034-6535 • E-ISSN: 1530-9142 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2109345 |
| OpenAlex | W2026132861 |
| Language | EN |
| References cited | 2 |
Additional empirical evidence is provided concerning the impact of government financing decisions on monetary expansion in the United States for the post-World War II period. The budget position of the fiscal authority and the rate of money growth set by the Fed are specified as endogenous variables within a system of equations. The empirical analysis generates evidence of a policy shift in the 1980s, with budget deficits exerting no independent influence on high-powered money growth prior to 1981 while, after 1981, such a linkage is found to exist. Copyright 1990 by MIT Press
Business · Central bank · Economic policy · Economics · Government (linguistics) · Macroeconomics · Monetary economics · Monetary policy · Money creation · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Monetary Policy and Economic Impact
| Highly cited | No |
|---|