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Collection Lags, Fiscal Revenue and Inflationary Financing

Collection Lags, Fiscal Revenue and Inflationary Financing »

Source: Collection Lags, Fiscal Revenue and Inflationary Financing : Empirical Evidence and Analysis

Volume/Issue: 1991/41

Series: IMF Working Papers

Author(s): Nurun Choudhry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1991

ISBN: 9781451976373

Keywords: effects of inflation, monetary base, inflation tax, central bank

The paper provides empirical evidence on collection lags in major categories of government revenue and analyzes the estimated revenue-eroding effects of inflation within the standard model of inflationary finance....

The Fiscal Abuse of Central Banks

The Fiscal Abuse of Central Banks »

Source: The Fiscal Abuse of Central Banks

Volume/Issue: 1993/58

Series: IMF Working Papers

Author(s): Maxwell Fry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1993

ISBN: 9781451966565

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

This paper reviews the fiscal activities that governments in a sample of 26 developing countries have obliged their central banks to undertake. In the main, these activities fall under five categories: (1) collecti...

Collection Lags, Fiscal Revenue and Inflationary Financing
			: Empirical Evidence and Analysis

Collection Lags, Fiscal Revenue and Inflationary Financing : Empirical Evidence and Analysis »

Volume/Issue: 1991/41

Series: IMF Working Papers

Author(s): Nurun Choudhry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1991

DOI: http://dx.doi.org/10.5089/9781451976373.001

ISBN: 9781451976373

Keywords: effects of inflation, monetary base, inflation tax, central bank

The paper provides empirical evidence on collection lags in major categories of government revenue and analyzes the estimated revenue-eroding effects of inflation within the standard model of inflationary finance....

Inflation Targeting Lite

Inflation Targeting Lite »

Volume/Issue: 2003/12

Series: IMF Working Papers

Author(s): Mark Stone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

DOI: http://dx.doi.org/10.5089/9781451842920.001

ISBN: 9781451842920

Keywords: Monetary policy framework, central bank, inflation, inflation target,

Inflation targeting lite (ITL) countries float their exchange rate and announce an inflation target, but are not able to maintain the inflation target as the foremost policy objective. This paper identifies 19 emer...

Inflation Targeting Regimes

Inflation Targeting Regimes »

Volume/Issue: 2003/9

Series: IMF Working Papers

Author(s): Alina Carare , and Mark Stone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

DOI: http://dx.doi.org/10.5089/9781451842616.001

ISBN: 9781451842616

Keywords: Monetary policy framework, central bank, inflation, inflation target,

This paper classifies countries that define their monetary policy framework by an inflation target into full-fledged inflation targeters, eclectic inflation targeters and inflation targeting lite regimes. This clas...

Market-Based Systems of Monetary Control in Developing Countries
			: Operating Procedures and Related Issues

Market-Based Systems of Monetary Control in Developing Countries : Operating Procedures and Related Issues »

Volume/Issue: 1991/40

Series: IMF Working Papers

Author(s): Chorng-Huey Wong

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1991

DOI: http://dx.doi.org/10.5089/9781451845877.001

ISBN: 9781451845877

Keywords: central bank, financial reform, monetary policy, monetary control

This paper reviews issues in the development of a market-based system of monetary control in developing countries. It focuses on the appropriate sequencing of financial reform that would facilitate the transition t...

Measures of Underlying Inflation in Sri Lanka

Measures of Underlying Inflation in Sri Lanka »

Volume/Issue: 2009/167

Series: IMF Working Papers

Author(s): Souvik Gupta , and Magnus Saxegaard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2009

DOI: http://dx.doi.org/10.5089/9781451873146.001

ISBN: 9781451873146

Keywords: Core Inflation, central bank, monetary fund, aggregate demand,

During the first half of 2008, Sri Lanka witnessed significantly higher inflation than most other emerging Asian countries. Inflation has since declined amid declining world commodity prices and tight monetary poli...

Monetary Control Procedures and Financial Reform
			: Approaches, Issues, and Recent Experiences in Developing Countries

Monetary Control Procedures and Financial Reform : Approaches, Issues, and Recent Experiences in Developing Countries »

Volume/Issue: 1989/48

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 June 1989

DOI: http://dx.doi.org/10.5089/9781451972160.001

ISBN: 9781451972160

Keywords: central bank, monetary control, money market, monetary policy, monetary aggregates

Many countries have initiated reforms in their monetary control procedures by relaxing direct controls and increasing the role of market processes. The changed approach is often inevitable when countries reform the...

Policy towards Commodity Shocks in Developing Countries

Policy towards Commodity Shocks in Developing Countries »

Volume/Issue: 1996/84

Series: IMF Working Papers

Author(s): Jan Gunning , and Paul Collier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1996

DOI: http://dx.doi.org/10.5089/9781451850598.001

ISBN: 9781451850598

Keywords: taxation, central bank, inflation, public expenditure

On the basis of a comparative study of 23 episodes involving commodity price shocks we find that both the public and private sectors typically save around half of a windfall gain resulting from a price rise. We arg...

The Fiscal Abuse of Central Banks

The Fiscal Abuse of Central Banks »

Volume/Issue: 1993/58

Series: IMF Working Papers

Author(s): Maxwell Fry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1993

DOI: http://dx.doi.org/10.5089/9781451966565.001

ISBN: 9781451966565

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

This paper reviews the fiscal activities that governments in a sample of 26 developing countries have obliged their central banks to undertake. In the main, these activities fall under five categories: (1) collecti...