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Inflation Targeting and Fiscal Rules : Do Interactions and Sequencing Matter?
Combes, Jean-Louis - 2014
The paper examines the joint impact of inflation targeting (IT) and fiscal rules (FR) on fiscal behavior and inflation in a broad panel of advanced and developing economies over the period 1990-2009. The main contribution of the paper is to show that, as suggested by the theoretical literature,...
Persistent link: https://www.econbiz.de/10014411331
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Tunisia monetary policy since the Arab Spring : the fall of the exchange rate anchor and rise of inflation targeting
El Hamiani Khatat, Mariam; End, Nicolas; Kolsi, Rym - 2020
has proven to be ineffective due to the composition of reserve money, structural liquidity deficit, and higher instability …
Persistent link: https://www.econbiz.de/10012301899
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Effects of fiscal consolidation in the Czech Republic
Kljuev, Vladimir Vladimirovič; Snudden, Stephen - 2011
Persistent link: https://www.econbiz.de/10009486224
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Macroeconomic effects of reforms on three diverse oil exporters : Russia, Saudi Arabia, and the UK
Beidas-Strom, Samya; Lorusso, Marco - 2019
We build and estimate open economy two-bloc DSGE models to study the transmission and impact of shocks in Russia, Saudi Arabia and the United Kingdom. After accounting for country-specific fiscal and monetary sectors, we estimate their key policy and structural parameters. Our findings suggest...
Persistent link: https://www.econbiz.de/10012112123
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Excess Liquidity and the Effectiveness of Monetary Policy : Evidence From Sub-Saharan Africa
Saxegaard, Magnus - 2006
This paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of … monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to … which commercial bank holdings of excess liquidity exceed levels required for precautionary purposes. It proposes a …
Persistent link: https://www.econbiz.de/10014400369
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Inflation targeting and fiscal rules : do interactions and sequencing matter?
Combes, Jean-Louis; Debrun, Xavier; Minea, Alexandru; … - 2014
Persistent link: https://www.econbiz.de/10010388758
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Central Bank Independence and the Design of Fiscal Institutions
Castellani, Francesca - 2001
Persistent link: https://www.econbiz.de/10014400978
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The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios
Portillo, Rafael - 2010
We develop a model to analyze the macroeconomic effects of a scaling-up of aid and assess the implications of different policy responses. The model features key structural characteristics of low-income countries, including varying degrees of public investment efficiency and a learning-by-doing...
Persistent link: https://www.econbiz.de/10014402924
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Policy Assignment Strategies with Somewhat Flexible Exchange Rates Policy
International Monetary Fund - 1988
The choice of assigning monetary or fiscal policy to external balance is complicated when the authorities are concerned with both the current account balance and the exchange rate. A strategy of using monetary policy to control the current account via the exchange rate may fail, because the...
Persistent link: https://www.econbiz.de/10014396345
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Constrained efficient borrowing with sovereign default risk
Hatchondo, Juan Carlos; Martinez, Leonardo; Roch, Francisco - 2020
Persistent link: https://www.econbiz.de/10012392477