Stabilisation Policy in an Open Economy

Graham Bird

Chapter 6 in International Macroeconomics, 1998, pp 69-96 from Palgrave Macmillan

Abstract: Abstract The question to be tackled in this chapter relates to how macroeconomic policies may be organised to achieve their principal objectives. An approved way of approaching this question is, first, to describe the targets that the policy-making authorities are setting out to achieve, second, to describe the policy instruments through which attempts are made to realise these targets, and third, to analyse how the instruments may be combined in the most efficient fashion.

Keywords: Exchange Rate; Interest Rate; Monetary Policy; Fiscal Policy; Capital Mobility (search for similar items in EconPapers)
Date: 1998
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Chapter: Stabilisation Policy in an Open Economy (1987)
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DOI: 10.1057/9780230372290_6

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