Deficits, Inflation And Central Banks' Independence: Evidence From Developing Nations

Authors

K. H. Brown, University of Northern IowaFollow
M. Yousefi, University of Northern IowaFollow

Document Type

Article

Journal/Book/Conference Title

Applied Economics Letters

Volume

3

Issue

8

First Page

505

Last Page

509

Abstract

Deficits should Granger-cause inflation in developing countries since the central banks are not autonomous. Nevertheless, our empirical results refute the causality between government deficits and inflation in a study of ten developing countries.

Department

Department of Economics

Original Publication Date

1-1-1996

DOI of published version

10.1080/135048596356122

Recommended Citation

Brown, K. H. and Yousefi, M., "Deficits, Inflation And Central Banks' Independence: Evidence From Developing Nations" (1996). Faculty Publications. 4171.
https://scholarworks.uni.edu/facpub/4171