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  5. Origins of US Inflation

AEA Papers and Proceedings

ISSN 2574-0768 (Print) | ISSN 2574-0776 (Online)

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Origins of US Inflation

  • Christopher A. Sims
AEA Papers and Proceedings
vol. 114, May 2024
(pp. 90–94)
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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.

Citation

Sims, Christopher A. 2024. "Origins of US Inflation." AEA Papers and Proceedings, 114: 90–94. DOI: 10.1257/pandp.20241052

Additional Materials

JEL Classification

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