Verfügbarkeit: Inflation Targeting and Fiscal Rules

Inflation Targeting and Fiscal Rules: Do Interactions and Sequencing Matter?

The paper examines the joint impact of inflation targeting (IT) and fiscal rules (FR) on fiscal behavior and inflation in a broad panel of advanced and developing economies over the period 1990-2009. The main contribution of the paper is to show that, as suggested by the theoretical literature, inte...

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1. Verfasser:	Combes, Jean-Louis (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2014
Schriftenreihe:	IMF Working Papers Working Paper No. 14/89
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	The paper examines the joint impact of inflation targeting (IT) and fiscal rules (FR) on fiscal behavior and inflation in a broad panel of advanced and developing economies over the period 1990-2009. The main contribution of the paper is to show that, as suggested by the theoretical literature, interactions between FR and IT matter a great deal for policy outcomes. Specifically, the combination of FR and IT appears to deliver more disciplined macroeconomic policies than each of these institutions in isolation. In addition, the sequencing of the monetary and fiscal reforms plays a role: adopting FR before IT delivers stronger results than the reverse sequence
Beschreibung:	1 Online-Ressource (36 p)
ISBN:	1498322379 9781498322379

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spelling	Combes, Jean-Louis Verfasser aut Inflation Targeting and Fiscal Rules Do Interactions and Sequencing Matter? Combes, Jean-Louis Washington, D.C International Monetary Fund 2014 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 14/89 The paper examines the joint impact of inflation targeting (IT) and fiscal rules (FR) on fiscal behavior and inflation in a broad panel of advanced and developing economies over the period 1990-2009. The main contribution of the paper is to show that, as suggested by the theoretical literature, interactions between FR and IT matter a great deal for policy outcomes. Specifically, the combination of FR and IT appears to deliver more disciplined macroeconomic policies than each of these institutions in isolation. In addition, the sequencing of the monetary and fiscal reforms plays a role: adopting FR before IT delivers stronger results than the reverse sequence Online-Ausg Debrun, Xavier Sonstige oth Minea, Alexandru Sonstige oth Tapsoba, Rene Sonstige oth http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Combes, Jean-Louis Inflation Targeting and Fiscal Rules Do Interactions and Sequencing Matter?
title	Inflation Targeting and Fiscal Rules Do Interactions and Sequencing Matter?
title_auth	Inflation Targeting and Fiscal Rules Do Interactions and Sequencing Matter?
title_exact_search	Inflation Targeting and Fiscal Rules Do Interactions and Sequencing Matter?
title_exact_search_txtP	Inflation Targeting and Fiscal Rules Do Interactions and Sequencing Matter?
title_full	Inflation Targeting and Fiscal Rules Do Interactions and Sequencing Matter? Combes, Jean-Louis
title_fullStr	Inflation Targeting and Fiscal Rules Do Interactions and Sequencing Matter? Combes, Jean-Louis
title_full_unstemmed	Inflation Targeting and Fiscal Rules Do Interactions and Sequencing Matter? Combes, Jean-Louis
title_short	Inflation Targeting and Fiscal Rules
title_sort	inflation targeting and fiscal rules do interactions and sequencing matter
title_sub	Do Interactions and Sequencing Matter?
url	http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
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