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Disinflation, External Vulnerability, and Fiscal Intransigence : some unpleasant Mundellian arithmetic / by Evan C. Tanner.

By: Material type: TextTextSeries: IMF working paper ; WP/17/118.Publication details: Washington, D.C. : International Monetary Fund, 2017.Description: 1 online resource (35 pages)Content type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781484301203
  • 148430120X
Subject(s): Genre/Form: Additional physical formats: Print version:: Disinflation, External Vulnerability, and Fiscal Intransigence.DDC classification:
  • 339.5/01/51 23
LOC classification:
  • HD75.5
Online resources:
Contents:
Cover; Table of Contents; ABSTRACT; I. INTRODUCTION; II. A STATIC OPEN ECONOMY MACROECONOMIC MODEL; A. Net Exports and Inflation-Reduced Form Equations; III. ECONOMIC STABILIZATION: ELIMINATING EXTERNAL AND INTERNAL IMBALANCES; A. Graphical Treatment in the Spirit of Mundell (1962); B. The Perils of Fiscal Intransigence; C. Some Illustrative Examples (EML holds); D. Coordination versus Fiscal Intransigence if the EML Fails; IV. DISINFLATION, THE EXTERNAL POSITION, AND CREDIBILITY: A DYNAMIC ANALYSIS; A. The Toxic Mix Again: High Inflation, External Deficits, and Low Credibility.
V. SUMMARY AND CONCLUSIONSVI. REFERENCES; VII. APPENDIX; A. Translating Percent of Potential Output into Currency Units; B. Model Parameters; FIGURES; 1: The Expanded Marshall-Lerner (EML) Condition; 2: Required Adjustments to Attain Internal Balance (?*=?); 3: Required Adjustments to Attain External Balance (nx*=nx); 4: Required Adjustments for Joint Stabilization -- EML holds; 5: Required Adjustments for Joint Stabilization -- EML fails; 6: External Debt (Percent of GDP); 7: Real Interest Rate (Domestic, in Percent); 8: Fiscal Adjustment (% of GDP; 9: Real Exchange Rate (Appreciation +).
10: Risk Premium (in Percent)11: Output Gap (in percent); TABLES; 1: External Vulnerability and Inflation: Selected Emerging Market Countries; 2: Adjustments Required for External and Internal Stabilization.
Holdings
Item type Current library Collection Call number Status Date due Barcode Item holds
eBook eBook e-Library EBSCO Business Available
Total holds: 0

Includes bibliographical references and index.

Print version record.

Cover; Table of Contents; ABSTRACT; I. INTRODUCTION; II. A STATIC OPEN ECONOMY MACROECONOMIC MODEL; A. Net Exports and Inflation-Reduced Form Equations; III. ECONOMIC STABILIZATION: ELIMINATING EXTERNAL AND INTERNAL IMBALANCES; A. Graphical Treatment in the Spirit of Mundell (1962); B. The Perils of Fiscal Intransigence; C. Some Illustrative Examples (EML holds); D. Coordination versus Fiscal Intransigence if the EML Fails; IV. DISINFLATION, THE EXTERNAL POSITION, AND CREDIBILITY: A DYNAMIC ANALYSIS; A. The Toxic Mix Again: High Inflation, External Deficits, and Low Credibility.

V. SUMMARY AND CONCLUSIONSVI. REFERENCES; VII. APPENDIX; A. Translating Percent of Potential Output into Currency Units; B. Model Parameters; FIGURES; 1: The Expanded Marshall-Lerner (EML) Condition; 2: Required Adjustments to Attain Internal Balance (?*=?); 3: Required Adjustments to Attain External Balance (nx*=nx); 4: Required Adjustments for Joint Stabilization -- EML holds; 5: Required Adjustments for Joint Stabilization -- EML fails; 6: External Debt (Percent of GDP); 7: Real Interest Rate (Domestic, in Percent); 8: Fiscal Adjustment (% of GDP; 9: Real Exchange Rate (Appreciation +).

10: Risk Premium (in Percent)11: Output Gap (in percent); TABLES; 1: External Vulnerability and Inflation: Selected Emerging Market Countries; 2: Adjustments Required for External and Internal Stabilization.

Master record variable field(s) change: 050, 072, 082, 600, 650

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