'Monetary and Fiscal Rules in an Emerging Small Open Economy' /
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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| Další autoři: | , |
| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
2009.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2009/022 |
| On-line přístup: | Full text available on IMF |