Verfügbarkeit: Financial Infusion and Exiting From a Money Rule

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Bibliographische Detailangaben
Beteilige Person:	Stone, Mark R. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	Englisch
Veröffentlicht:	Washington, D.C International Monetary Fund 1998
Schriftenreihe:	IMF Working Papers Working Paper No. 98/31
Links:	http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml
Abstract:	Money demand often surges after successful macroeconomic stabilization. This paper gives a name-financial infusion-to these surges because their size, unpredictability, and concurrence with other "success shocks" pose unique challenges to policy, especially under a money rule. An examination of 26 stabilization episodes shows that money to GDP can be expected to decline before stabilization and rise sharply thereafter. Analysis of the policy response to financial infusion under a money rule concludes that it amplifies output and price volatility, even if built into the rule. Finally, the main elements of an exit strategy from a money rule to an exchange rate or inflation target are discussed
Umfang:	1 Online-Ressource (41 p)
ISBN:	1451980094 9781451980097

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publisher	International Monetary Fund
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series2	IMF Working Papers
spellingShingle	Stone, Mark R. Financial Infusion and Exiting From a Money Rule
title	Financial Infusion and Exiting From a Money Rule
title_auth	Financial Infusion and Exiting From a Money Rule
title_exact_search	Financial Infusion and Exiting From a Money Rule
title_full	Financial Infusion and Exiting From a Money Rule Stone, Mark R
title_fullStr	Financial Infusion and Exiting From a Money Rule Stone, Mark R
title_full_unstemmed	Financial Infusion and Exiting From a Money Rule Stone, Mark R
title_short	Financial Infusion and Exiting From a Money Rule
title_sort	financial infusion and exiting from a money rule
url	http://elibrary.imf.org/view/IMF001/02354-9781451980097/02354-9781451980097/02354-9781451980097.xml
work_keys_str_mv	AT stonemarkr financialinfusionandexitingfromamoneyrule

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