haku: @indexterm open economy / yhteensä: 204
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| Tekijä: | Tirelli, P. Vines, D. |
| Otsikko: | Kohl, Reagan, and open economy macroeconomics: revisiting rules for fiscal and monetary policy |
| Lehti: | Oxford Economic Papers
1995 : OCT, VOL. 47:4, p. 561-583 |
| Asiasana: | OPEN ECONOMY MACROECONOMICS MONETARY POLICY |
| Kieli: | eng |
| Tiivistelmä: | This paper models three alternative policy strategies for an open economy and evaluates their performance. In the first regime national monetary policies are used to achieve domestic price stability, without supporting fiscal policy and without concern for external balance. The second regime adds to this fiscal policy assigned to controlling the external balance. In the third regime, monetary policy, via the exchange rate, is assigned to external balance and fiscal policy is used to control inflation. |
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