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Fiscal and Monetary Anchors for Price Stability

Fiscal and Monetary Anchors for Price Stability »

Source: Fiscal and Monetary Anchors for Price Stability : Evidence from Sub-Saharan Africa

Volume/Issue: 2008/121

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2008

ISBN: 9781451869811

Keywords: non-Ricardian regimes, and Fiscal Theory of Price Level, price level, money growth, price stability,

The paper presents a model of fiscal dominance with borrowing constraints, and provides evidence for a large number of sub-Saharan African countries on the relative importance of fiscal and monetary determinants of...

Fiscal Determinants of Inflation

Fiscal Determinants of Inflation »

Source: Fiscal Determinants of Inflation : A Primer for the Middle East and North Africa

Volume/Issue: 2006/216

Series: IMF Working Papers

Author(s): Ludvig Söderling , and Domenico Fanizza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2006

ISBN: 9781451864762

Keywords: Fiscal theory of the price level, price level, money stock, money growth,

Many countries in the Middle East and North Africa (MENA) region have recently experienced surges in money growth that apparently have not generated significant inflationary pressures. Moreover, several MENA countr...

Public Debt, Money Supply, and Inflation

Public Debt, Money Supply, and Inflation »

Source: Public Debt, Money Supply, and Inflation : A Cross-Country Study and Its Application to Jamaica

Volume/Issue: 2006/121

Series: IMF Working Papers

Author(s): Goohoon Kwon , Lavern McFarlane , and Wayne Robinson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2006

ISBN: 9781451863819

Keywords: the fiscal theory of the price level, dynamic panel, GMM, price level, monetary policy, money growth, Econometric Modeling: Other, Fiscal Theory Of The Price Level,

This paper provides comprehensive empirical evidence that supports the predictions of Sargent and Wallace's (1981) "unpleasant monetarist arithmetic" that an increase in public debt is typically inflationary in cou...

Central Banks Quasi-Fiscal Policies and Inflation

Central Banks Quasi-Fiscal Policies and Inflation »

Source: Central Banks Quasi-Fiscal Policies and Inflation

Volume/Issue: 2012/14

Series: IMF Working Papers

Author(s): Seok Park

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781463931193

Keywords: Central bank&;amp;#x2019;s balance sheet, Fiscal theory of price level, Quasi-fiscal policy, central bank, fiscal authority,

Although central banks have recently taken unconventional policy actions to try to shore up macroeconomic and financial stability, little theory is available to assess the consequences of such measures. This paper...

A Requiem for the Fiscal Theory of the Price Level*

A Requiem for the Fiscal Theory of the Price Level* »

Source: A Requiem for the Fiscal Theory of the Price Level

Volume/Issue: 2019/219

Series: IMF Working Papers

Author(s): Roger Farmer , and Pawel Zabczyk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513516196

Keywords: Real interest rates, Negative interest rates, Economic theory, Interest rate policy, Interest rate modelling, fiscal policy, monetary policy, fiscal theory of the price level, price level determination, overlapping generations model

The Fiscal Theory of the Price Level (FTPL) is the claim that, in a popular class of theoretical models, the price level is sometimes determined by fiscal policy rather than monetary policy. The models where this c...

Fiscal and Monetary Anchors for Price Stability
			: Evidence from Sub-Saharan Africa

Fiscal and Monetary Anchors for Price Stability : Evidence from Sub-Saharan Africa »

Volume/Issue: 2008/121

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2008

DOI: http://dx.doi.org/10.5089/9781451869811.001

ISBN: 9781451869811

Keywords: non-Ricardian regimes, and Fiscal Theory of Price Level, price level, money growth, price stability,

The paper presents a model of fiscal dominance with borrowing constraints, and provides evidence for a large number of sub-Saharan African countries on the relative importance of fiscal and monetary determinants of...

Fiscal Sustainability and Monetary Versus Fiscal Dominance

Fiscal Sustainability and Monetary Versus Fiscal Dominance »

Source: Fiscal Sustainability and Monetary Versus Fiscal Dominance : Evidence From Brazil, 1991-2000

Volume/Issue: 2002/5

Series: IMF Working Papers

Author(s): Evan Tanner , and Alberto Ramos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2002

ISBN: 9781451842197

Keywords: Intertemporal solvency, monetary and fiscal dominance, fiscal theory of the price level, primary deficit, price level, inflation, real interest rates, real interest rate, Macroeconomic - Aspects Of Public Finance, Macroeconomic Policy

Under a monetary dominant (MD) regime, the primary surplus adjusts to limit debt growth, permitting monetary policy to be conducted independently of fiscal financing requirements. In Brazil, some evidence favors an...

Fiscal Determinants of Inflation
			: A Primer for the Middle East and North Africa

Fiscal Determinants of Inflation : A Primer for the Middle East and North Africa »

Volume/Issue: 2006/216

Series: IMF Working Papers

Author(s): Ludvig Söderling , and Domenico Fanizza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2006

DOI: http://dx.doi.org/10.5089/9781451864762.001

ISBN: 9781451864762

Keywords: Fiscal theory of the price level, price level, money stock, money growth,

Many countries in the Middle East and North Africa (MENA) region have recently experienced surges in money growth that apparently have not generated significant inflationary pressures. Moreover, several MENA countr...

Public Debt, Money Supply, and Inflation
			: A Cross-Country Study and Its Application to Jamaica

Public Debt, Money Supply, and Inflation : A Cross-Country Study and Its Application to Jamaica »

Volume/Issue: 2006/121

Series: IMF Working Papers

Author(s): Goohoon Kwon , Lavern McFarlane , and Wayne Robinson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2006

DOI: http://dx.doi.org/10.5089/9781451863819.001

ISBN: 9781451863819

Keywords: the fiscal theory of the price level, dynamic panel, GMM, price level, monetary policy, money growth, Econometric Modeling: Other, Fiscal Theory Of The Price Level,

This paper provides comprehensive empirical evidence that supports the predictions of Sargent and Wallace's (1981) "unpleasant monetarist arithmetic" that an increase in public debt is typically inflationary in cou...

Central Banks Quasi-Fiscal Policies and Inflation

Central Banks Quasi-Fiscal Policies and Inflation »

Volume/Issue: 2012/14

Series: IMF Working Papers

Author(s): Seok Park

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

DOI: http://dx.doi.org/10.5089/9781463931193.001

ISBN: 9781463931193

Keywords: Central bank&;amp;#x2019;s balance sheet, Fiscal theory of price level, Quasi-fiscal policy, central bank, fiscal authority,

Although central banks have recently taken unconventional policy actions to try to shore up macroeconomic and financial stability, little theory is available to assess the consequences of such measures. This paper...