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La conditionnanté au Fonds monétaire international
			: Evolution des principes et des pratiques

La conditionnanté au Fonds monétaire international : Evolution des principes et des pratiques »

Series: Pamphlet Series

Author(s): Manuel Guitián

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1981

Language: French

DOI: http://dx.doi.org/10.5089/9781451964264.054

ISBN: 9781451964264

Keywords: balance of payments, monetary fund, aggregate demand, inflation, adjustment process, world economy, monetary policy, monetary theory, monetary approach, price stability

This paper examines the principles and practices of conditionality as they have evolved and as they are currently applied. The paper discusses the rationale of the concept of conditionality and brings out its theor...

Inflation and Fiscal Deficits

Inflation and Fiscal Deficits »

Source: Inflation and Fiscal Deficits : The Irrelevance of Debt and Money Financing

Volume/Issue: 1992/102

Series: IMF Working Papers

Author(s): José Barrionuevo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1992

ISBN: 9781451852561

Keywords: monetary policy, money growth, monetary growth, quantity theory of money

The purpose of this paper is to present a model that circumvents the requirement of explicitly setting a period in which the fiscal budget is to be balanced, yet implies that increases in the growth of public debt...

Robust Versus Optimal Rules in Monetary Policy

Robust Versus Optimal Rules in Monetary Policy »

Source: Robust Versus Optimal Rules in Monetary Policy : A Note

Volume/Issue: 2004/96

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2004

ISBN: 9781451851946

Keywords: Model Uncertainty, Policy Rules, central bank, probability, monetary policy rules, Game Theory and Bargaining Theory: General,

We provide a framework for analyzing the choice between optimal and robust monetary policy rules in the presence of paradigm uncertainty. We first discuss the conditions on uncertainty that render a robust rule pre...

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...

Fiscal Indulgence in Central Europe

Fiscal Indulgence in Central Europe »

Source: Fiscal Indulgence in Central Europe : Loss of the External Anchor

Volume/Issue: 2004/62

Series: IMF Working Papers

Author(s): George Kopits , Helge Berger , and Istvan Szekely

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2004

ISBN: 9781451848311

Keywords: EU economic and monetary union, game-theoretic approach, fiscal performance, fiscal stance, loose ? fiscal policy, fiscal behavior, National Budget, Deficit, and Debt: General, Game Theory and Bargaining Theory: General

In recent years, fiscal performance in Central Europe has steadily deteriorated, in contrast to the improvement in the Baltics. This paper explores the determinants of such differences among countries slated for EU...

How Loose, How Tight? A Measure of Monetary and Fiscal Stance for the Euro Area1

How Loose, How Tight? A Measure of Monetary and Fiscal Stance for the Euro Area1 »

Source: How Loose, How Tight? A Measure of Monetary and Fiscal Stance for the Euro Area

Volume/Issue: 2020/86

Series: IMF Working Papers

Author(s): Nicoletta Batini , Alessandro Cantelmo , Giovanni Melina , and Stefania Villa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 June 2020

ISBN: 9781513546087

Keywords: Fiscal sector, Economic conditions, Economic theory, Fiscal policy, Financial crises, policy stance, euro area, monetary policy, WP, GFC

This paper builds a model-based dynamic monetary and fiscal conditions index (DMFCI) and uses it to examine the evolution of the joint stance of monetary and fiscal policies in the euro area (EA) and in its three l...

Decomposing the Inflation Dynamics in the Philippines

Decomposing the Inflation Dynamics in the Philippines »

Source: Decomposing the Inflation Dynamics in the Philippines

Volume/Issue: 2019/153

Series: IMF Working Papers

Author(s): Si Guo , Philippe Karam , and Jan Vlcek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 July 2019

ISBN: 9781498319324

Keywords: Real interest rates, Economic theory, Development, Price controls, Monetary policy, inflation, the Philippines, output gap, BSP, inflation rate

Inflation rates rose sharply in the Philippines during 2018. Understanding the demand and supply sources of inflation pressures is key to monetary policy response. Qualitatively, indicators have pointed to evidence...

Do Monetary Policy Frameworks Matter in Low Income Countries?

Do Monetary Policy Frameworks Matter in Low Income Countries? »

Source: Do Monetary Policy Frameworks Matter in Low Income Countries?

Volume/Issue: 2020/139

Series: IMF Working Papers

Author(s): Alina Carare , Carlos de Resende , Andrew Levin , and Chelsea Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2020

ISBN: 9781513550671

Keywords: Economic theory, Monetary policy, Financial crises, Central banks, Purchasing power, Monetary policy frameworks, transmission of shocks, growth, low-income countries, WP

In recent years, many Low-Income Countries (LICs) have implemented substantial reforms to their monetary policy frameworks, but existing economic research has not provided a clear rationale to guide those efforts....

One Money, Many Markets: Monetary Transmission and Housing Financing in the Euro Area1

One Money, Many Markets: Monetary Transmission and Housing Financing in the Euro Area1 »

Source: One Money, Many Markets: Monetary Transmission and Housing Financing in the Euro Area

Volume/Issue: 2020/108

Series: IMF Working Papers

Author(s): Giancarlo Corsetti , Joao Duarte , and Samuel Mann

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2020

ISBN: 9781513548746

Keywords: Economic theory, Financial crises, Producer prices, Price indexes, Purchasing power parity, Monetary Policy, High-Frequency Identification, Monetary Union, Housing Market, Loan-to-value Ratio

We study the transmission of monetary shocks across euro-area countries using a dynamic factor model and high-frequency identification. We develop a methodology to assess the degree of heterogeneity, which we find...

2014 Triennial Surveillance Review - External Study - Integrating Bilateral and Multilateral Surveillance on a Continuing Basis

2014 Triennial Surveillance Review - External Study - Integrating Bilateral and Multilateral Surveillance on a Continuing Basis »

Source: 2014 Triennial Surveillance Review - External Study - Integrating Bilateral and Multilateral Surveillance on a Continuing Basis

Volume/Issue: 2014/061

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 July 2014

ISBN: 9781498342988

Keywords: Bilateral surveillance, China, Fiscal policy, Germany, Japan, Monetary policy, Multilateral surveillance, Spillovers, Surveillance, United States

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