IMF Staff Papers

IMF Staff Papers, Volume 47, Special Issue, IMF Annual Research Conference,

Author/Editor:

Robert P Flood ; Eduardo Borensztein

Publication Date:

November 28, 2001

Summary:

This paper presents a broad overview of postwar analytical thinking on international macroeconomics, culminating in a more detailed discussion of recent progress. The paper reviews important empirical evidence that has inspired alternative modeling approaches, as well as theoretical and policy considerations behind developments in the field. The paper presents an empirical study of fiscal policy in countries with extreme monetary regimes. It also examines members of multilateral currency unions, dollarized countries that officially use the money of another country, and countries using currency boards.

Series:

IMF Staff Papers No. 2001/005

Subject:

Consumption Conventional peg Currency boards Exchange rate arrangements Exchange rates Foreign exchange Income National accounts

Frequency:

Biannually