00807pab a2200157 454500 180718b2000 xxu||||| |||| 00| 0 eng d D'Souza, Errol A fiscalist approach to inflation 2000 p.2840-842 5 Aug There 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 Inflation Economic and Political Weekly 45701 45701 45701 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 35, Issue no: 32 AR46125 2018-07-19 2018-07-19 AR