01874cas a2200277 a 4500 AALejournalIMF014424 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498322379 1018-5941 BD-DhAAL BD-DhAAL Combes, Jean-Louis. Inflation Targeting and Fiscal Rules : Do Interactions and Sequencing Matter? / Jean-Louis Combes, Xavier Debrun, Alexandru Minea, Rene Tapsoba. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (36 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 The paper examines the joint impact of inflation targeting (IT) and fiscal rules (FR) on fiscal behavior and inflation in a broad panel of advanced and developing economies over the period 1990-2009. The main contribution of the paper is to show that, as suggested by the theoretical literature, interactions between FR and IT matter a great deal for policy outcomes. Specifically, the combination of FR and IT appears to deliver more disciplined macroeconomic policies than each of these institutions in isolation. In addition, the sequencing of the monetary and fiscal reforms plays a role: adopting FR before IT delivers stronger results than the reverse sequence. Mode of access: Internet Debrun, Xavier. Minea, Alexandru. Tapsoba, Rene. IMF Working Papers; Working Paper ; No. 2014/089 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/089/001.2014.issue-089-en.xml IMF e-Library