We investigate to what extent estimated relationships of the IMF’s monetary model and their policy implications are sample dependent. This model constitutes the core of the IMF’s financial programming models for developing and emerging economies. We observe that estimates of the model’s...

We investigate to what extent estimated relationships of the IMF's monetary model and their policy implications are sample dependent. This model constitutes the core of the IMF's financial programming models for developing and emerging economies. We observe that estimates of the model's key...