The fiscal foundations of monetary regimes

(paper, and powerpoint presentation) January 2003. The choice of monetary regime – interest rate rule, exchange rate peg, currency board, dollarization, etc. depends on fiscal constraints, especially for developing countries. Talk given at the 2003 NBER/NCAER Neemrana conference, India.  

Read More >

Previous
Previous

A new measure of Monetary Policy

Next
Next

Stocks as Money: Convenience Yield and the Tech-Stock Bubble