Fiscal Policy Restrictions on Inflation Targeting: A Political Economy Approach
Fiscal policy may impose restrictions on Inflation Targeting when Central Bank Independence (cbi) is institutionally weak and society has a real exchange rate target that is highly valued. In this environment, fiscal policy constrains the decisions of a committed, independent Central Bank (cb) regar...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad de los Andes (Bogotá)
2010-06-01
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| Series: | Desarrollo y Sociedad |
| Subjects: | |
| Online Access: | http://economia.uniandes.edu.co/revistadys/65/06_Fiscal_policy.pdf |