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Monetary and Fiscal Policy, the Exchange Rate and Foreign Wealth - Patrizio Tirelli

Monetary and Fiscal Policy, the Exchange Rate and Foreign Wealth


Published: 2nd February 1993
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This book investigates issues of policy design in open economics. The performance of simple alternative policy rules is analysed in the context of theoretical models using both analytical solutions and numerical simulation 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. The evaluation of the alternative policy proposals is carried out within the framework of a "small" individual country and in the broader context of policy coordination. This book should be of interest to economics departments.

Preface - The Design of Simple Rules for the Open Economy - Open Economy Models: The Macroeconomic Approach - Monetarist Macroeconomic Policy Rules in a Small Open Economy Model - Simple Policy Rules for the Open Economy: Evaluating Alternative Proposals - Macroeconomic Policy and Interdependence: the Debate on International Policy Coordination - Simple Rules for Policy Coordination: An Evaluation of Alternative Assignments - Concluding Remarks - References - Index

ISBN: 9780333565797
ISBN-10: 0333565797
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 194
Published: 2nd February 1993
Publisher: Palgrave Macmillan
Country of Publication: GB
Dimensions (cm): 22.3 x 14.5  x 1.8
Weight (kg): 0.42
Edition Number: 3