Monetary policy and public finances : inflation targets in a new perspective /

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Bibliographic Details
Author / Creator:	Beddies, Christian H.
Imprint:	[Washington, D.C.] : International Monetary Fund, African Department, ©1999.
Description:	1 online resource (25 pages)
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/99/26 IMF working paper ; WP/99/26.
Subject:	Monetary policy -- Econometric models. Finance, Public -- Econometric models. Fiscal policy -- Econometric models. Banks and banking, Central -- Econometric models. Inflation (Finance) -- Econometric models. Expenditures, Public -- Effect of inflation on -- Econometric models. Economic stabilization -- Econometric models. Banks and banking, Central -- Econometric models. Economic stabilization -- Econometric models. Finance, Public -- Econometric models. Fiscal policy -- Econometric models. Inflation (Finance) -- Econometric models. Monetary policy -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497451

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. African Department.
ISBN:	1451892128 9781451892123 1281605751 9781281605757 9781451844368 1451844360 1462358144 9781462358144 1452794693 9781452794693 9786613786449 6613786446
Notes:	Includes bibliographical references (pages 23-25). 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. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	This paper considers the implications of the interplay between monetary and fiscal policies in an inflation-targeting framework. In this vein, the paper asks the following question: can an inflation target induce an independent central bank to provide the optimal rate of inflation, resulting in optimal seigniorage, taxes, public spending, and output? Does this also lead to optimal stabilization of aggregate supply shocks? The answer to the former is yes, while the answer to the latter is no, and our paper shows why.
Other form:	Print version: Beddies, Christian H. Monetary policy and public finances. [Washington, D.C.] : International Monetary Fund, African Department, ©1999
Standard no.:	10.5089/9781451892123.001

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