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150128 ||| eng |
020 |
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|a 9781498322379
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100 |
1 |
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|a Combes, Jean-Louis
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245 |
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|a Inflation Targeting and Fiscal Rules
|b Do Interactions and Sequencing Matter?
|c Jean-Louis Combes, Xavier Debrun, Alexandru Minea, Rene Tapsoba
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2014
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300 |
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|a 36 pages
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651 |
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4 |
|a Poland, Republic of
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653 |
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|a Fiscal stance
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653 |
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|a Treasury Policy
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653 |
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|a Inflation
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653 |
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|a Comparative or Joint Analysis of Fiscal and Monetary Policy
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653 |
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|a Stabilization
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653 |
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|a Fiscal rules
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653 |
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|a Monetary economics
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653 |
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|a Inflation targeting
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653 |
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|a Deflation
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653 |
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|a National Deficit Surplus
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653 |
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|a Fiscal Policy
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653 |
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|a Fiscal policy
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653 |
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|a Price Level
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653 |
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|a Prices
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653 |
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|a Macroeconomics
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653 |
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|a Monetary policy
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653 |
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|a Central Banks and Their Policies
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653 |
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|a Public Finance
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653 |
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|a Monetary Policy
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653 |
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|a Money and Monetary Policy
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700 |
1 |
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|a Debrun, Xavier
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700 |
1 |
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|a Minea, Alexandru
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700 |
1 |
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|a Tapsoba, Rene
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Working Papers
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028 |
5 |
0 |
|a 10.5089/9781498322379.001
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856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2014/089/001.2014.issue-089-en.xml?cid=41593-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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520 |
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|a 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, interactions between FR and IT matter a great deal for policy outcomes. Specifically, the combination of FR and IT appears to deliver more disciplined macroeconomic policies than each of these institutions in isolation. In addition, the sequencing of the monetary and fiscal reforms plays a role: adopting FR before IT delivers stronger results than the reverse sequence
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