000			00807pab a2200157 454500
008			180718b2000 xxu||||| |||| 00| 0 eng d
100			_aD'Souza, Errol
245			_aA fiscalist approach to inflation
260			_c2000
300			_ap.2840-842
362			_a5 Aug
520			_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
650			_aInflation
773			_aEconomic and Political Weekly
909			_a45701
999			_c45701 _d45701