LUPORINI, Viviane
Inflation adjusted nominal deficit : a note on Robert barro's definition - São Paulo : Editora 34, jan./mar. 2003
This note discusses the concept of inflation adjusted nominal deficit proposed by Robert Barro in light of a stock-flow consistent real deficit. It is argued that the calculation proposed by the author violates the principle of stock-flow consistency and leads one to the erroneous interpretation that a rise in the rate of inflation decreases the government deficit in nominal terms
Inflation adjusted nominal deficit : a note on Robert barro's definition - São Paulo : Editora 34, jan./mar. 2003
This note discusses the concept of inflation adjusted nominal deficit proposed by Robert Barro in light of a stock-flow consistent real deficit. It is argued that the calculation proposed by the author violates the principle of stock-flow consistency and leads one to the erroneous interpretation that a rise in the rate of inflation decreases the government deficit in nominal terms
