Public debt and inflation dynamics: Empirical evidence from Zimbabwe
نویسندگان
چکیده
Abstract The study seeks to empirically test the hypothesis that public debt has a significant influence on inflation in Zimbabwe, covering period 1980-2020. was motivated by recent trends and domestic need guide debt-inflation related policy. These latest have started ring alarming bells, which raises questions effectiveness of fiscal monetary policies bringing macroeconomic stability country. Applying Autoregressive Distributed Lag (ARDL) bounds testing procedure cointegration an error correction mechanism (ECM), expanded incorporating structural breaks, finds evidence support positive impact dynamics particularly long run. Based findings, matter for process Zimbabwe. That is, policy can be considered important determinant Therefore, government should mindful increases as this found inflationary.
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ژورنال
عنوان ژورنال: Croatian review of economic, business and social statistics
سال: 2021
ISSN: ['1849-8531', '2459-5616']
DOI: https://doi.org/10.2478/crebss-2021-0007