The ongoing review of the IMF, initiated in 2005 by Managing Director De Rato, presents an excellent opportunity to re-examine the role, functions and governance of the Fund.
: Financial stability; International topicsThis paper studies the interdependence between fiscal and monetary policies, and their joint role in the determination of the price level.
: Central bank research; Fiscal Policy; Inflation: costs and benefitsUsing data for 14 countries over the 1994 to 2005 period, we assess the leading indicator properties of gold at horizons ranging from 6 to 24 months.
: Exchange rates; Inflation and prices
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