Monetary and Fiscal Policy, the Exchange Rate and Foreign Wealth
Description
The book investigates issues of policy design in open economies. The performance of simple alternative policy rules is analysed in the context of theoretical models using both analytical solutions and numerical simulations techniques. One of the substantive contributions of the research is that policy evaluation should take into account, among other things, the implications of different rules for foreign wealth and the exchange rate. Hence the open economy models presented in the book include wealth effects and the current account.
Keywords
Business & EconomicsInternationalEconomicsMacroeconomics
1993Book
Author(s)Patrizio Tirelli
PublisherPalgrave Macmillan UK
ISBN9780333565797
LanguageEnglish
