Inflation Targeting and Fiscal Rules : Do Interactions and Sequencing Matter? /

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, inte...

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Bibliografische gegevens
Hoofdauteur: Combes, Jean-Louis
Andere auteurs: Debrun, Xavier, Minea, Alexandru, Tapsoba, Rene
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2014.
Reeks:IMF Working Papers; Working Paper ; No. 2014/089
Online toegang:Full text available on IMF
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100 1 |a Combes, Jean-Louis. 
245 1 0 |a Inflation Targeting and Fiscal Rules :   |b Do Interactions and Sequencing Matter? /  |c Jean-Louis Combes, Xavier Debrun, Alexandru Minea, Rene Tapsoba. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2014. 
300 |a 1 online resource (36 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |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. 
538 |a Mode of access: Internet 
700 1 |a Debrun, Xavier. 
700 1 |a Minea, Alexandru. 
700 1 |a Tapsoba, Rene. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2014/089 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2014/089/001.2014.issue-089-en.xml  |z IMF e-Library