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Rethinking Macroeconomic Policy

Rethinking Macroeconomic Policy »

Volume/Issue: 2010/03

Series: IMF Staff Position Notes

Author(s): Olivier Blanchard , Giovanni Dell'Ariccia , and Paolo Mauro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2010

DOI: http://dx.doi.org/10.5089/9781455224982.004

ISBN: 9781455224982

Keywords: Bank credit, Bank regulations, Bank supervision, Central bank role, Economic policy, Economic stabilization, Financial crisis, Financial intermediation, Fiscal policy, Inflation targeting

The great moderation lulled macroeconomists and policymakers alike in the belief that we knew how to conduct macroeconomic policy. The crisis clearly forces us to question that assessment. In this paper, we review...

Deflation
			: Determinants, Risks, and Policy Options

Deflation : Determinants, Risks, and Policy Options »

Series: Occasional Papers

Author(s): Taimur Baig , Jörg Decressin , Tarhan Feyzioglu , Manmohan Kumar , and Chris Faulkner-MacDonagh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2003

DOI: http://dx.doi.org/10.5089/9781589062276.084

ISBN: 9781589062276

Keywords: inflation, monetary policy, aggregate demand, money supply, low inflation

Deflation can be costly and difficult to anticipate, and concerns of a generalized decline in prices in both industrial and emerging market economies have increased recently. This paper investigates the causes and...