Monetary and fiscal rules in an emerging small open economy / prepared by Nicoletta Batini, Paul Levine, and Joseph Pearlman.

We develop a optimal rules-based interpretation of the 'three pillars macroeconomic policy framework': a combination of a freely floating exchange rate, an explicit target for inflation, and a mechanism than ensures a stable government debt-GDP ratio around a specified long run. We show ho...

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Online Access: Full Text (via ProQuest)
Main Authors: Batini, Nicoletta (Author), Levine, Paul, 1944- (Author), Pearlman, Joseph (Author)
Corporate Author: International Monetary Fund. Western Hemisphere Department
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, ©2009.
Series:IMF working paper ; WP/09/22.
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Call Number: HG3810
HG3810 Available