Model
Digital Document
Publisher
Florida Atlantic University
Description
This thesis examines the relationship between fiscal policy
and monetary policy and the rate of inflation for the U.S.
using annual data 1955 to 1979.
A survey of macroeconomic theory of inflation is presented.
The rate of inflation is shown to be dependent
upon the rate of monetary and fiscal stimulus in the economy.
A long run monetary growth model of the neoclassical
type is examined which shows the relationship between inflation
and economic stimulus to be very complex. An
empirical examination was done to examine the effects of
monetary policy, fiscal policy and productivity on the rate
of inflation.
and monetary policy and the rate of inflation for the U.S.
using annual data 1955 to 1979.
A survey of macroeconomic theory of inflation is presented.
The rate of inflation is shown to be dependent
upon the rate of monetary and fiscal stimulus in the economy.
A long run monetary growth model of the neoclassical
type is examined which shows the relationship between inflation
and economic stimulus to be very complex. An
empirical examination was done to examine the effects of
monetary policy, fiscal policy and productivity on the rate
of inflation.
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