Monetary and fiscal rules in an emerging small open economy

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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Bibliographic Details
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.
Subjects:
Monetary policy > Chile > Econometric models.
Monetary policy > United States > Econometric models.
Fiscal policy > Chile > Econometric models.
Fiscal policy > United States > Econometric models.
Interest rates > Chile > Econometric models.
Interest rates > United States > Econometric models.
Fiscal policy > Econometric models
Interest rates > Econometric models
Monetary policy > Econometric models
Geldpolitik.
Finanzpolitik.
Regelgebundene Politik.
Schwellenländer.
Kleines-offenes-Land.
Theorie.
Chile
United States
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