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

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

DOI: http://dx.doi.org/10.5089/9781451852561.001

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...

Interpreting Currency Movements During the Crisis
			: What's the Role of Interest Rate Differentials?

Interpreting Currency Movements During the Crisis : What's the Role of Interest Rate Differentials? »

Volume/Issue: 2011/14

Series: IMF Working Papers

Author(s): Thomas Dowling , and Nicoletta Batini

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2011

DOI: http://dx.doi.org/10.5089/9781455212521.001

ISBN: 9781455212521

Keywords: uncovered interest parity, UIP, term structure, exchange rate, monetary policy, exchange rate movements, inflation, Open Economy Macroeconomics,

Using an adaptation of the Uncovered Interest Parity (UIP) condition, this paper analyzes the drivers behind the large, symmetric exchange rate swings observed during the financial crisis of 2008-2010. Employing a...

World Food Prices and Monetary Policy

World Food Prices and Monetary Policy »

Volume/Issue: 2010/161

Series: IMF Working Papers

Author(s): Roberto Chang , and Luis Catão

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

DOI: http://dx.doi.org/10.5089/9781455201440.001

ISBN: 9781455201440

Keywords: Small Open Economy, DSGE models, inflation, terms of trade, relative price, Open Economy Macroeconomics,

The large swings in world food prices in recent years renew interest in the question of how monetary policy in small open economies should react to such imported price shocks. We examine this issue in a canonical o...

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...

4 Inflation Forecast Targeting: The Swedish Experience

4 Inflation Forecast Targeting: The Swedish Experience »

Source: Inflation Targeting in Practice : Strategic and Operational Issues and Application to Emerging Market Economies

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2000

ISBN: 9781557758897

Keywords: inflation, monetary policy, central bank, inflation target

An inflation target can serve as a nominal anchor, aiming at coordinating inflation expectations. As a nominal anchor, an inflation target also provides a commitment mechanism that increases the accountabili...

6 Inflation Targeting and Output Stabilization in Australia

6 Inflation Targeting and Output Stabilization in Australia »

Source: Inflation Targeting in Practice : Strategic and Operational Issues and Application to Emerging Market Economies

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2000

ISBN: 9781557758897

Keywords: inflation, monetary policy, central bank, inflation target

Inflation targeting has been adopted as the framework for monetary policy in a number of countries, including Australia, over the past decade. The adoption of a framework that focuses explicitly on inflation...

Inflation Targeting in Practice
			: Strategic and Operational Issues and Application to Emerging Market Economies

Inflation Targeting in Practice : Strategic and Operational Issues and Application to Emerging Market Economies »

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2000

DOI: http://dx.doi.org/10.5089/9781557758897.071

ISBN: 9781557758897

Keywords: inflation, monetary policy, central bank, inflation target

A growing number of countries are anchoring their monetary policy through explicit inflation targeting. This policy has already scored remarkable successes in several countries, establishing central bank credibilit...

Front Matter

Front Matter »

Source: Inflation Targeting in Practice : Strategic and Operational Issues and Application to Emerging Market Economies

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2000

ISBN: 9781557758897

Keywords: inflation, monetary policy, central bank, inflation target

A growing number of countries are anchoring their monetary policy through explicit inflation targeting. This policy has already scored remarkable successes in several countries, establishing central bank credibilit...

9 Inflation Targeting Under a Crawling Band Exchange Rate Regime: Lessons from Israel

9 Inflation Targeting Under a Crawling Band Exchange Rate Regime: Lessons from Israel »

Source: Inflation Targeting in Practice : Strategic and Operational Issues and Application to Emerging Market Economies

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2000

ISBN: 9781557758897

Keywords: inflation, monetary policy, central bank, inflation target

Consider a small, open economy that, after a long period of chronically high inflation, substantial fiscal and current account deficits, and a marked accumulation of domestic and foreign debt, implements a c...

Interpreting Currency Movements During the Crisis

Interpreting Currency Movements During the Crisis »

Source: Interpreting Currency Movements During the Crisis : What's the Role of Interest Rate Differentials?

Volume/Issue: 2011/14

Series: IMF Working Papers

Author(s): Thomas Dowling , and Nicoletta Batini

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2011

ISBN: 9781455212521

Keywords: uncovered interest parity, UIP, term structure, exchange rate, monetary policy, exchange rate movements, inflation, Open Economy Macroeconomics,

Using an adaptation of the Uncovered Interest Parity (UIP) condition, this paper analyzes the drivers behind the large, symmetric exchange rate swings observed during the financial crisis of 2008-2010. Employing a...