Selected issues concerning monetary policy and institutional design for central banks : a review of theories /

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Bibliographic Details
Author / Creator:Beddies, Christian H.
Imprint:[Washington, D.C.] : International Monetary Fund, Monetary and Exchange Affairs Dept., ©2000.
Description:1 online resource (48 pages) : illustrations
Language:English
Series:IMF working paper, 2227-8885 ; WP/00/140
IMF working paper ; WP/00/140.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12496246
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Other authors / contributors:International Monetary Fund. Monetary and Exchange Affairs Department.
ISBN:9781451901276
1451901275
1282109383
9781282109384
1452730032
9781452730035
9786613802279
6613802271
9781451856118
1451856113
Notes:Includes bibliographical references (pages 42-48).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
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Print version record.
Summary:Annotation In the past decades, much work has been geared toward solving the problem of time inconsistency in monetary policy and analyzing the coordination problem between fiscal and monetary policy. This paper provides a review of the theoretical background to these theories, while also focusing on their inherent problems. It concludes that while the literature makes a strong case for central bank independence, more work should be done in the area of determining the desirable degree of independence with a view to the interplay between fiscal and monetary policy.
Other form:Print version: Beddies, Christian H. Selected issues concerning monetary policy and institutional design for central banks. [Washington, D.C.] : International Monetary Fund, Monetary and Exchange Affairs Dept., ©2000
Standard no.:10.5089/9781451901276.001