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Monetary and Fiscal Policy, the Exchange Rate and Foreign Wealth

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Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9781349226078
Condition
New
Product Description

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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