Coordination of Monetary and Fiscal Policies
International Monetary Fund (IMF) - Monetary and Foreign Exchange Operations Division
Enrique De la Piedra
affiliation not provided to SSRN
IMF Working Paper No. 98/25
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This "divorce" of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.
Number of Pages in PDF File: 32
Keywords: Monetary policy, Fiscal policy, Coordination
JEL Classification: E58, E62working papers series
Date posted: February 15, 2006
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo6 in 0.422 seconds