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Fiscal determinants of inflation : a primer for the Middle East and North Africa /
Many countries in the Middle East and North Africa (MENA) region have recently experienced surges in money growth that apparently have not generated significant inflationary pressures. Moreover, several MENA countries have followed monetary policy rules that according to standard monetary theory sho...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, Middle East and Central Asia Dept.,
©2006.
|
| Colección: | IMF working paper ;
WP/06/216. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Fanizza, Domenico, |e author. | |
| 245 | 1 | 0 | |a Fiscal determinants of inflation : |b a primer for the Middle East and North Africa / |c Domenico Fanizza and Ludvig Söderling. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, Middle East and Central Asia Dept., |c ©2006. | ||
| 300 | |a 1 online resource (15 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
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| 490 | 1 | |a IMF working paper ; |v WP/06/216 | |
| 504 | |a Includes bibliographical references. | ||
| 588 | 0 | |a Print version record. | |
| 520 | |a Many countries in the Middle East and North Africa (MENA) region have recently experienced surges in money growth that apparently have not generated significant inflationary pressures. Moreover, several MENA countries have followed monetary policy rules that according to standard monetary theory should have produced macroeconomic instability and possibly hyperinflation. We argue that the Fiscal Theory of the Price Level could usefully provide insights on these developments. Our main conclusion is that a sound fiscal position constitutes a necessary condition for macroeconomic stability whereas "sound" monetary policy is neither sufficient nor necessary. Hence, fiscal policy and public debt deserve particular attention for maintaining macroeconomic stability, by and large consistent with Fund policy advice to MENA countries. | ||
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a 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. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 505 | 0 | |a Contents -- I. INTRODUCTION -- II. MONEY AND PRICES IN THE MIDDLE EAST AND NORTH AFRICA: THE PUZZLE OF THE MISSING INFLATION -- III. AN ALTERNATIVE ANALYTICAL FRAMEWORK: THE FISCAL THEORY OF PRICES -- A. The Underlying Model: Standard Cash-in-Advance -- B. Multiple Equilibria -- IV. THE FISCAL THEORY OF THE PRICE LEVEL APPLIED TO MENA -- V. IMPLICATIONS FOR FUND POLICY ADVICE -- REFERENCES | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Debts, Public |z Africa, North. | |
| 650 | 0 | |a Debts, Public |z Middle East. | |
| 650 | 0 | |a Fiscal policy |z Africa, North. | |
| 650 | 0 | |a Fiscal policy |z Middle East. | |
| 650 | 0 | |a Inflation (Finance) |z Africa, North. | |
| 650 | 0 | |a Inflation (Finance) |z Middle East. | |
| 650 | 6 | |a Inflation |z Moyen-Orient. | |
| 650 | 6 | |a Inflation |z Afrique du Nord. | |
| 650 | 6 | |a Politique fiscale |z Afrique du Nord. | |
| 650 | 6 | |a Politique fiscale |z Moyen-Orient. | |
| 650 | 6 | |a Dettes publiques |z Afrique du Nord. | |
| 650 | 6 | |a Dettes publiques |z Moyen-Orient. | |
| 650 | 7 | |a Debts, Public |2 fast | |
| 650 | 7 | |a Fiscal policy |2 fast | |
| 650 | 7 | |a Inflation (Finance) |2 fast | |
| 651 | 7 | |a North Africa |2 fast | |
| 651 | 7 | |a Middle East |2 fast | |
| 700 | 1 | |a Söderling, Ludvig, |e author. | |
| 710 | 2 | |a International Monetary Fund. |b Middle East and Central Asia Department. | |
| 758 | |i has work: |a Fiscal determinants of inflation (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFTFGG4TxxHHQMXG4YKDFX |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Fanizza, Domenico. |t Fiscal determinants of inflation. |d Washington, D.C. : International Monetary Fund, ©2006 |w (OCoLC)104875062 |
| 830 | 0 | |a IMF working paper ; |v WP/06/216. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=3014497 |z Texto completo |
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