Fiscal and Monetary Nexus in Emerging Market Economies : : How Does Debt Matter? / / Garima Vasishtha, Taimur Baig, Manmohan Kumar, Edda Zoli
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| Autore: |
Vasishtha Garima
|
| Titolo: |
Fiscal and Monetary Nexus in Emerging Market Economies : : How Does Debt Matter? / / Garima Vasishtha, Taimur Baig, Manmohan Kumar, Edda Zoli
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica: | 1 online resource (43 p.) |
| Soggetto topico: | Debts, Public |
| Fiscal policy | |
| Banks and Banking | |
| Foreign Exchange | |
| Macroeconomics | |
| Public Finance | |
| Fiscal Policy | |
| Interest Rates: Determination, Term Structure, and Effects | |
| Debt | |
| Debt Management | |
| Sovereign Debt | |
| Currency | |
| Foreign exchange | |
| Finance | |
| Public finance & taxation | |
| Exchange rates | |
| Fiscal stance | |
| Long term interest rates | |
| Public debt | |
| Interest rates | |
| Soggetto geografico: | United States |
| Altri autori: |
BaigTaimur
KumarManmohan
ZoliEdda
|
| Note generali: | "August 2006". |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | ""Contents""; ""I. INTRODUCTION""; ""II. FISCAL-MONETARY NEXUS: ANALYTICAL AND EMPIRICAL STUDIES""; ""III. CROSS-COUNTRY ANALYSIS""; ""IV. NEWS ANALYSIS""; ""V. CONCLUDING REMARKS""; ""APPENDIXES"" |
| Sommario/riassunto: | This 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. |
| Titolo autorizzato: | Fiscal and Monetary Nexus in Emerging Market Economies |
| ISBN: | 1-4623-3466-0 |
| 1-4527-9958-X | |
| 1-283-51648-9 | |
| 9786613828934 | |
| 1-4519-8905-9 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910788698903321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2006/184