MARC Record from University of Toronto

LEADER: 02379cam 2200373Ia 4500
001 ocn169956509
005 20071120075332.0
008 070907s2006 dcua b i000 0 eng d
039 $fsom
245 00 $aFiscal and monetary nexus in emerging market economies :$bhow does debt matter? /$cprepared by Taimur Baig ... [et al.].
260 $a[Washington, D.C.] :$bInternational Monetary Fund, Fiscal Affairs Dept.,$c2006.
300 $a41 p. :$bill. ;$c28 cm.
440 0 $aIMF working paper ;$vWP/06/184
500 $aCaption title.
500 $a"August 2006."
504 $aIncludes bibliographical references (p. 35-41).
530 $aAlso available on the World Wide Web.
520 $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 cross-section 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.
650 0 $aDebts, Public$xEconometric models.
650 0 $aDebts, Public$zBrazil$xEconometric models.
650 0 $aDebts, Public$zTurkey$xEconometric models.
650 0 $aDebts, Public$zPoland$xEconometric models.
650 0 $aFiscal policy$xEconometric models.
650 0 $aFiscal policy$zBrazil$xEconometric models.
650 0 $aFiscal policy$zTurkey$xEconometric models.
650 0 $aFiscal policy$zPoland$xEconometric models.
650 0 $aMonetary policy$xEconometric models.
650 0 $aMonetary policy$zBrazil$xEconometric models.
650 0 $aMonetary policy$zTurkey$xEconometric models.
650 0 $aMonetary policy$zPoland$xEconometric models.
700 1 $aBaig, Taimur.
710 2 $aInternational Monetary Fund.$bFiscal Affairs Dept.
856 41 $3Full text ;$zIn .pdf format :$uhttp://www.imf.org/external/pubs/cat/longres.cfm?sk=19374.0
949 $aHJ8015 .F57 2006$wLC$c1$i31761069291961$lSTACKS$mROBARTS$rY$sY$tBOOK$u20/11/2007