Macroeconomics and Small Developing Economies: A Policy-Maker’s Perspective

DeLisle Worrell
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DeLisle Worrell: Central Bank of Barbados

Chapter 5 in Economics in a Changing World, 1994, pp 98-120 from Palgrave Macmillan

Abstract: Abstract This chapter draws inferences from the recent literature on open-economy macroeconomics about policies to achieve sustainable economic growth with stable external account balances and low inflation in small developing countries. The policies to be examined include nominal exchange rate adjustment, monetary intervention, fiscal policy, trade policy and incomes policies. This chapter suggests how they might be combined under varying circumstances.

Keywords: Exchange Rate; Monetary Policy; Fiscal Policy; Real Exchange Rate; Real Interest Rate (search for similar items in EconPapers)
Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-23458-5_5

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DOI: 10.1007/978-1-349-23458-5_5

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