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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Main Authors: | , , |
Corporate Author: | |
Format: | eBook |
Language: | English |
Published: |
Washington, D.C. :
International Monetary Fund,
©2009.
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Series: | IMF working paper ;
WP/09/22. |
Subjects: |
Internet
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HG3810
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HG3810 | Available |