Do Fixed Exchange Rates Induce More Fiscal Discipline? /
Conventional wisdom has held that a fixed exchange rate regime induces more fiscal discipline, but Tornell and Velasco (1995, 1998) argue the opposite. Using a dynamic model with fragmented fiscal policymaking, this paper evaluates the two arguments in a single framework and shows that (1) future pu...
| প্রধান লেখক: | |
|---|---|
| বিন্যাস: | পত্রিকা |
| ভাষা: | English |
| প্রকাশিত: |
Washington, D.C. :
International Monetary Fund,
2003.
|
| মালা: | IMF Working Papers; Working Paper ;
No. 2003/078 |
| অনলাইন ব্যবহার করুন: | Full text available on IMF |