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Title:Role of Institutions in Fiscal and Monetary Policies
Author(s):Kim, Hoe Jeong
Doctoral Committee Chair(s):Hadi S. Eafahani
Department / Program:Economics
Discipline:Economics
Degree Granting Institution:University of Illinois at Urbana-Champaign
Degree:Ph.D.
Genre:Dissertation
Subject(s):Economics, Finance
Abstract:In Chapter 3, we study how institutional factors influence the monetization of budget deficits. First, the existence of an independent central bank reduces the monetization of fiscal deficits. Second, we find that the government credibility, political and economic cost of additional tax increase, international interest rates are the factors that influence long-term size of monetization. Third, the government credibility and the corruption levels are the factors that influence the speed of short-term adjustment.
Issue Date:2004
Type:Text
Language:English
Description:84 p.
Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2004.
URI:http://hdl.handle.net/2142/85543
Other Identifier(s):(MiAaPQ)AAI3130953
Date Available in IDEALS:2015-09-25
Date Deposited:2004


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