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Monetary and Fiscal Policy, the Exchange Rate and Foreign Wealth

Monetary and Fiscal Policy, the Exchange Rate and Foreign Wealth

Hardcover

EconomicsInvesting & Finance

ISBN10: 0333565797
ISBN13: 9780333565797
Publisher: Palgrave Macmillan
Published: Feb 2 1993
Pages: 194
Weight: 0.91
Height: 0.63 Width: 5.50 Depth: 8.50
Language: English
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.

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