Deficits, inflation and central banks' independence: Evidence from developing nations
Applied Economics Letters
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.
Original Publication Date
DOI of published version
Brown, K. H. and Yousefi, M., "Deficits, inflation and central banks' independence: Evidence from developing nations" (1996). Faculty Publications. 4171.