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8732 Results

Monetary Commitment and the Level of Public Debt

Staff working paper 2016-3 Stefano Gnocchi, Luisa Lambertini
We analyze the interaction between committed monetary policy and discretionary fiscal policy in a model with public debt, endogenous government expenditures, distortive taxation and nominal rigidities.

The Role of the International Monetary Fund in the Post-Crisis World

Staff discussion paper 2016-6 Mark Kruger, Robert Lavigne, Julie McKay
The International Monetary Fund (IMF, or the Fund) has undergone a number of significant policy changes and reforms in the wake of the global financial crisis. Most notably, in December 2015, the United States approved long-delayed legislation to increase the representation of developing countries in the Fund’s governance structure.
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