Series: IMF Working Papers
Author(s): Gerd Schwartz , Pau Rabanal , Mario Bléjer , and Alfredo Leone
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2001
Keywords: Monetary Policy Rules, inflation, inflation target, central bank, General Aggregative Models: Forecasting and Simulation,
This paper argues that the IMF's traditional monetary conditionality-a ceiling on net domestic assets of the central bank and a floor on its net international reserves-should be adapted in IMF-supported adjustment...