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Monetary policy and public finances : inflation targets in a new perspective

By: Material type: TextTextPublication details: 1999Action note:
  • 3/23/01 JOY_D
Summary: Examines how the private sector, the monetary authority, and the fiscal authority interact. Concludes that unrestricted central bank independence may not be an optimal way to collect seigniorage revenues or stabilize supply shocks.
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Examines how the private sector, the monetary authority, and the fiscal authority interact. Concludes that unrestricted central bank independence may not be an optimal way to collect seigniorage revenues or stabilize supply shocks.

3/23/01 JOY_D

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