Best Seller Financial Infusion and Exiting From a Money Rule

Financial Infusion and Exiting From a Money Rule High quality books

Financial Infusion and Exiting From a Money Rule
By:Mr. Mark R. Stone
Published on 1998-03-01 by International Monetary Fund

Money demand often surges after successful macroeconomic stabilization. This paper gives a name—financial infusion—to these surges because their size, unpredictability, and concurrence with other “success shocks” pose unique challenges to policy, especially under a money rule. An examination of 26 stabilization episodes shows that money to GDP can be expected to decline before stabilization and rise sharply thereafter. Analysis of the policy response to financial infusion under a money rule concludes that it amplifies output and price volatility, even if built into the rule. Finally, the main elements of an exit strategy from a money rule to an exchange rate or inflation target are discussed.

This Book was ranked at 19 by Google Books for keyword Money.

Book ID of Financial Infusion and Exiting From a Money Rule's Books is MWMoge1GPXEC, Book which was written byMr. Mark R. Stonehave ETAG "rIYzBX8L35M"

Book which was published by International Monetary Fund since 1998-03-01 have ISBNs, ISBN 13 Code is 9781452760384 and ISBN 10 Code is 1452760381

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Book which have "41 Pages" is Printed at BOOK under CategoryBusiness and Economics

This Book was rated by Raters and have average rate at ""

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