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010   $a9786613828934
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035   $a(IMF)WPIEE2006184
035   $a(EXLCZ)993360000000443820
100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aFiscal and Monetary Nexus in Emerging Market Economies : $eHow Does Debt Matter? /$fGarima Vasishtha, Taimur Baig, Manmohan Kumar, Edda Zoli
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (43 p.)
225 1 $aIMF Working Papers
300   $a"August 2006".
311   $a1-4518-6444-2 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. FISCAL-MONETARY NEXUS: ANALYTICAL AND EMPIRICAL STUDIES""; ""III. CROSS-COUNTRY ANALYSIS""; ""IV. NEWS ANALYSIS""; ""V. CONCLUDING REMARKS""; ""APPENDIXES""
330 3 $aThis paper examines two main aspects of the interaction between fiscal and monetary policy in emerging market economies. First, it explores the interest rate-inflation relationship in economies with different levels of external and domestic public debt using panel- and crosssection data. The results show that interest rate-inflation elasticity weakens with debt/GDP and external debt/GDP. Second, it utilizes high-frequency data from Brazil, Turkey, and Poland to examine how market-determined variables react to economic news. The results suggest that when vulnerabilities are high, budget news has the most significant impact on country spreads and interest rates, and the impact of monetary policy is weakened.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/184
606   $aDebts, Public
606   $aFiscal policy
606   $aBanks and Banking$2imf
606   $aForeign Exchange$2imf
606   $aMacroeconomics$2imf
606   $aPublic Finance$2imf
606   $aFiscal Policy$2imf
606   $aInterest Rates: Determination, Term Structure, and Effects$2imf
606   $aDebt$2imf
606   $aDebt Management$2imf
606   $aSovereign Debt$2imf
606   $aCurrency$2imf
606   $aForeign exchange$2imf
606   $aFinance$2imf
606   $aPublic finance & taxation$2imf
606   $aFiscal policy$2imf
606   $aExchange rates$2imf
606   $aFiscal stance$2imf
606   $aLong term interest rates$2imf
606   $aPublic debt$2imf
606   $aInterest rates$2imf
606   $aDebts, Public$2imf
607   $aUnited States$2imf
615  0$aDebts, Public.
615  0$aFiscal policy.
615  7$aBanks and Banking
615  7$aForeign Exchange
615  7$aMacroeconomics
615  7$aPublic Finance
615  7$aFiscal Policy
615  7$aInterest Rates: Determination, Term Structure, and Effects
615  7$aDebt
615  7$aDebt Management
615  7$aSovereign Debt
615  7$aCurrency
615  7$aForeign exchange
615  7$aFinance
615  7$aPublic finance & taxation
615  7$aFiscal policy
615  7$aExchange rates
615  7$aFiscal stance
615  7$aLong term interest rates
615  7$aPublic debt
615  7$aInterest rates
615  7$aDebts, Public
700   $aVasishtha$b Garima$01464132
701   $aBaig$b Taimur$01464133
701   $aKumar$b Manmohan$01464134
701   $aZoli$b Edda$01111469
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788698903321
996   $aFiscal and Monetary Nexus in Emerging Market Economies$93673697
997   $aUNINA