First, the agency's orthodox strategy of floating currencies and tight fiscal and monetary policies is flawed.
Countless discussions over fiscal and monetary policies will carry on, but time will tell.
The catalyst for this change: Greece's 2001 entry into the eurozone, which had imposed strict fiscal and monetary policies.
For Francois Hollande, it means looser fiscal and monetary policies, and a slower pace of structural reform (if any).
The combination of such irresponsible fiscal and monetary policies threatens to erode confidence in the dollar as a reserve currency.
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By doing so, the U.S. avoided the fate of most other nations, before and since, whose chaotic fiscal and monetary policies severely hampered their development.
In sum, most economic drivers of currencies are favoring a weaker yen, and both fiscal and monetary policies are set to change imminently to reinforce this trend.
But he adds that Lula has contributed to his own good fortune: he kept Mr Cardoso's fiscal and monetary policies and gave the Central Bank operational independence.
Beijing intends to roll out fiscal and monetary policies to bolster exports, but overall the Chinese government will not be able to stabilize export growth, said Zhong Shan, deputy minister of commerce during a forum in Beijing.
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Industrial and Commercial took a hit in the first and second quarter of 2012 as investors feared a hard landing and questioned a number of fiscal and monetary policies designed to curb inflation and ease up on real estate lending.
Thanks to wide-ranging structural reforms and sounder monetary and fiscal policies, Australia's economy has recently been one of the best performers in the world.
They promise, as ever, to stick to tight fiscal and fairly tight monetary policies.
That the declines were much smaller on average was because the effects of the appreciation were offset by demand-boosting fiscal, monetary and structural policies.
Restrictions on prices and production, perverse monetary, fiscal and trade policies, disincentives to foreign investment, and bloated public sectors prevented Third World peoples from advancing their lives.
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Incipient external imbalances, according to the rules of the game, were supposed to be corrected by governments allowing automatic correcting adjustments within their economies and supplementing them with monetary and fiscal policies.
Officials at the G20 meeting this weekend agreed on the need to strengthen the effectiveness and coherence of bilateral and multilateral IMF surveillance, particularly on financial sector coverage, fiscal, monetary and exchange rate policies.
To the enthusiastic applause of Western governments and commercial banks, Grigory Yavlinsky, the chairman-designate of the new Inter-Republican Economic Committee, is prevailing in his effort to reconstruct and strengthen centralized controls over fiscal, monetary, banking and other policies.
These constraints set up a situation where the Federal Reserve and Treasury must consider the ramifications of their loose monetary and fiscal policies on the rest of the world.
Inflation in China is seen ending the year around 4.6%, and dropping to 4.2% in 2012 as monetary and fiscal policies begin to take hold on the economy.
Monetary and fiscal policies became disconnected in Europe because the euro zone lacked this feature.
That might be because most of what was new in her monetary and fiscal policies didn't really work.
The Crisis countries have achieved substantial current account surpluses, making possible a significant easing of monetary and fiscal policies.
The American economy is capable of growing at 3.5% per year for decades with the right fiscal, monetary, regulatory and social policies.
ECB's independence that the French have long sought, but to make it easier to co-ordinate monetary and fiscal policies.
Monetary and fiscal policies have been ineffective, at least in the short term.
If inflation is not to take off, freeing the currency needs to be combined with tight monetary and fiscal policies.
One lesson is that getting monetary and fiscal policies right may be even more important than picking the best economic model.
The euro area's immediate problem is overly tight monetary and fiscal policies.
The rioting that recently forced Indonesia's Suharto to resign could erupt elsewhere if the IMF insists on tight monetary and fiscal policies.
Its easy monetary and fiscal policies are now beginning to look reckless.
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