01654cas a2200241 a 4500 AALejournalIMF007803 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451856118 1018-5941 BD-DhAAL BD-DhAAL Beddies, Christian. Selected Issues Concerning Monetary Policy and Institutional Design for Central Banks : A Review of Theories / Christian Beddies. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (48 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In the past decades, much work has been geared toward solving the problem of time inconsistency in monetary policy and analyzing the coordination problem between fiscal and monetary policy. This paper provides a review of the theoretical background to these theories, while also focusing on their inherent problems. It concludes that while the literature makes a strong case for central bank independence, more work should be done in the area of determining the desirable degree of independence with a view to the interplay between fiscal and monetary policy. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/140 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/140/001.2000.issue-140-en.xml IMF e-Library