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政大機構典藏 > 社會科學學院 > 經濟學系 > 期刊論文 > Item 140.119/65524

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/65524

Title:	Are fiscal deficits inflationary?
Authors:	林馨怡 Lin, Hsin-Yi;Chu, Hao-Pang
Contributors:	經濟系
Keywords:	Autoregressive Distributional Lag;Dynamic Panel Data;Fiscal De cits;Ination;Quantile Regression
Date:	2013.02
Issue Date:	2014-04-18 17:27:17 (UTC+8)
Abstract:	This paper applies the dynamic panel quantile regression (DPQR) model under the autoregressive distributional lag (ARDL) speci cation, and examines the de citin ation relationship in 91 countries from 1960 to 2006. The DPQR model estimates the impact of de cits on in ation at various in ation levels and allows for a dynamic adjustment with the ARDL speci cation. The empirical results show that the scalde cit has a strong impact on in ation in high-in ation episodes, and has a weak impact in low-in ation episodes. The results imply that scal consolidation would be more e ective in price stabilization the higher the in ation rate is, and are consistent with the theoretical model of Cat~ao and Terrones (2005).
Relation:	Journal of International Money and Finance,32, 214-233
Data Type:	article
Appears in Collections:	[經濟學系] 期刊論文

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