Volatile public spending in a model of money and sustainable growth

In a model where seignorage provides the financing instrument for the government’s budget, public spending volatility has an adverse effect on long-run growth. This negative relationship arises because the incidence of volatility in this type of public policy is responsible for higher average money...

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Bibliographic Details

Main Author:	Dimitrios Varvarigos
Format:	Default Preprint
Published:	2007
Subjects:	Other economics not elsewhere classified growth inflation volatility seignorage Economics not elsewhere classified
Online Access:	https://hdl.handle.net/2134/2973
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