Does the IMF Influence Fiscal and Monetary Policy ?

@inproceedings{Dreher2005DoesTI,
  title={Does the IMF Influence Fiscal and Monetary Policy ?},
  author={Axel Dreher},
  year={2005}
}
In theory, the IMF could influence fiscal and monetary policy via several channels, among them advice to policy makers, conditionality, and moral hazard it induces with the borrowers. This paper tries to disentangle those effects empirically. Using panel data for 98 countries over the period 1975-2000 it analyzes whether IMF involvement indeed influences fiscal and monetary policy in program countries. There is evidence that participation in IMF Standbyand Extended Fund Facility arrangements… CONTINUE READING

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