Monetary and Fiscal Policy, the Exchange Rate and Foreign Wealth
ISBN:
9781349226078
Auflage:
1st ed. 1993
Verlag:
Palgrave Macmillan UK
Land des Verlags:
Vereinigtes Königreich
Erscheinungsdatum:
01.01.1993
Format:
Softcover
Seitenanzahl:
194
Lieferung in 5-10 Werktagen
Versandkostenfrei ab 40 Euro in Österreich
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.
