Fiscal Populism and Monetary Policy Rules -- by Luis I. Jácome, Nicolás E. Magud, Samuel Pienknagura, Martín Uribe

This paper was prepared for the 2nd Economic Policy: Papers on European and Global Issues Conference on Globalisation and Fiscal Populism, Venice, June 19-20, 2026. We would like to thank Sebnem Kalemli-Ozcan, Luminita Stevens, and Linda Tesar for helpful comments. The views expressed in this paper are those of the authors and do not necessarily represent the views of the IMF, its Executive Board, IMF management or the National Bureau of Economic Research. This work also appears as IMF working paper 167: https://doi.org/10.5089/9798229054461.001 The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.