Abstract
Measuring fiscal pressure on inflation by the ratio of the primary deficit to the outstanding federal debt, this paper traces its growth through the 1970s, along with the shifts in the politics of deficits. There are thought-provoking parallels to the pandemic-era deficits and the subsequent inflation.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: AEA papers and proceedings. American Economic Association
Paper Title
Journal
Date
