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Origins of US Inflation

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  • Christopher A. Sims

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.

Suggested Citation

  • Christopher A. Sims, 2024. "Origins of US Inflation," AEA Papers and Proceedings, American Economic Association, vol. 114, pages 90-94, May.
    • Handle: RePEc:aea:apandp:v:114:y:2024:p:90-94
    DOI: 10.1257/pandp.20241052
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    More about this item

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-

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