Monetary Policy and Public Finances : Inflation Targets in a New Perspective /
This paper considers the interaction between the private sector, the monetary authority, and the fiscal authority, and concludes that unrestricted central bank independence may not be an optimal way to collect seigniorage revenues or stabilize supply shocks. Moreover, the paper shows that the implem...
| Главный автор: | |
|---|---|
| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
1999.
|
| Серии: | IMF Working Papers; Working Paper ;
No. 1999/026 |
| Online-ссылка: | Full text available on IMF |