Construct · 1 fields · 1 citations

unpleasant monetarist arithmetic: a standalone construct

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Financial and monetary economics

the argument that tight money with persistent deficits can raise inflation later, because the debt must eventually be paid with seigniorage.

In financial and monetary economics, unpleasant monetarist arithmetic refers to the argument that tight money with persistent deficits can raise inflation later, because the debt must eventually be paid with seigniorage. This meaning comes from Sargent (1981) in Quarterly Review.[1]

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Nearby constructs

argument3 fields · 3 citationsjingle · one word, three constructs debt3 fields · 3 citationsjingle · one word, three carriers inflation3 fields · 4 citationsjingle · one word, three constructs

References

Sargent, T. J. (1981). Some Unpleasant Monetarist Arithmetic. Quarterly Review, 5(3). https://doi.org/10.21034/qr.531

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