Inflation Targeting and Fiscal Rules: Do Interactions and Sequencing Matter?
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Bibliographische Detailangaben
Beteilige Person: Combes, Jean-Louis (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2014
Schriftenreihe:IMF Working Papers Working Paper No. 14/89
Links:http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
http://elibrary.imf.org/view/IMF001/21363-9781498322379/21363-9781498322379/21363-9781498322379.xml
Abstract: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
Umfang:1 Online-Ressource (36 p)
ISBN:1498322379
9781498322379