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Original Articles

Do inflation targeting handcuffs restrain leviathan? Hard pegs vs. inflation targets for fiscal discipline in emerging markets

Pages 647-651 | Published online: 11 Jul 2007

References

  • Edwards , S . 1993 . Exchange rates as nominal anchors . Weltwirtschaftliches Archiv , 129 : 1 – 32 .
  • Fatas , A and Rose , A . 2001 . Do monetary handcuffs restrain leviathan? Fiscal policy in extreme exchange rate regimes . IMF Staff Papers , : 40 – 61 . Special issue
  • Fatas , A , Mihov , I and Rose , A . 2004 . Quantitative goals for monetary policy , University of California . Working Paper
  • Hamann , AJ . 1999 . Exchange rate based stabilization: a critical look at the stylized facts IMF Working Paper 99/132
  • Mishkin , F . 2000 . Inflation targeting in emerging market countries . American Economic Review , 90 : 105 – 09 .
  • Rodrik , D . 1998 . Why do more open economies have bigger governments? . Journal of Political Economy , 98 : 997 – 1032 .
  • Tornell , A and Velasco , A . 2000 . Fixed versus flexible exchange rates: which provides more fiscal discipline? . Journal of Monetary Economics , 45 : 399 – 436 .

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