00756pab a2200133 454500008004000000100001900040245003800059260000900097300001500106362001000121520044300131650001400574773003400588180718b2000   xxu||||| |||| 00| 0 eng d  aD'Souza, Errol  aA fiscalist approach to inflation  c2000  ap.2840-842  a5 Aug  aThere has been increasing advocacy of expansionary fiscal and monetary policy as the inflation rate has been at a historical low. It is argued here, however, that with the private sector's absorption of public debt having reached an upper limit, monetary financing of the fiscal deficit has become endogenous. The current low rate of inflation is shown to be the result of the prevailing mode of financing the fiscal deficit. - Reproduced  aInflation  aEconomic and Political Weekly