It takes the average reader and 38 minutes to read Fiscal and Monetary Anchors for Price Stability: Evidence from Sub-Saharan Africa by Alfredo Baldini
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The paper presents a model of fiscal dominance with borrowing constraints, and provides evidence for a large number of sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the dynamic response of inflation to different shocks, including nominal public debt, results show that a number of SSA countries were characterized throughout the period 1980-2005 either by chronic fiscally dominant regimes, with weak or no response of primary surpluses to public debt; or by a consistent adoption of a monetary dominant regime. However, a number of countries were also characterized by lack of a clear monetary and fiscal policy regime. The study also finds that changes in nominal public debt affect price variability via aggregate demand effects, suggesting that fiscal outcomes could be a direct source of inflation variability, as predicted by the fiscal theory of the price level.
Fiscal and Monetary Anchors for Price Stability: Evidence from Sub-Saharan Africa by Alfredo Baldini is 37 pages long, and a total of 9,509 words.
This makes it 12% the length of the average book. It also has 12% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 51 minutes to read Fiscal and Monetary Anchors for Price Stability: Evidence from Sub-Saharan Africa aloud.
Fiscal and Monetary Anchors for Price Stability: Evidence from Sub-Saharan Africa is suitable for students ages 8 and up.
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