Policy Assignment Strategies With Somewhat Flexible Exchange Rates Policy

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451976925
Total Pages : 40 pages
Book Rating : 4.22/5 ( download)

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Download or read book Policy Assignment Strategies with Somewhat Flexible Exchange Rates Policy written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-05-13 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The choice of assigning monetary or fiscal policy to external balance is complicated when the authorities are concerned with both the current account balance and the exchange rate. A strategy of using monetary policy to control the current account via the exchange rate may fail, because the relative-price effect is likely to be offset by the effect of monetary policy on aggregate demand. An alternative strategy, in which fiscal policy is assigned to limit shifts in the current account while the exchange rate is not directly targeted, may have a better chance of having favorable effects on both variables.

Author : James M. Boughton
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.56/5 ( download)

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Download or read book Policy Assignment Strategies with Somewhat Flexible Exchange Rates written by James M. Boughton and published by . This book was released on 1988 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Victor Argy
Publisher : Routledge
ISBN 13 : 1134961766
Total Pages : 678 pages
Book Rating : 4.64/5 ( download)

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Download or read book International Macroeconomics written by Victor Argy and published by Routledge. This book was released on 2013-01-11 with total page 678 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Macroeconomics: Theory and Policy offers phenomenal coverage across the entire subject of international macroeconoimics in an open economy context. The book has four objectives: * to describe the evolution of and experiences with global exchange rate regimes * to introduce the reader to a rigorous analysis of open economy models * to apply the model framework to address key policy issues * to review individual country experiences of macro policy

Author : William H. Branson
Publisher : University of Chicago Press
ISBN 13 : 0226071383
Total Pages : 396 pages
Book Rating : 4.81/5 ( download)

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Download or read book International Policy Coordination and Exchange Rate Fluctuations written by William H. Branson and published by University of Chicago Press. This book was released on 2007-12-01 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the five largest industrial democracies concluded the Plaza Agreement in 1985, the theory and practice of international economic policy coordination has become the subject of spirited academic and public-policy debate. While some view policy coordination as crucial for the construction of an improved international monetary system, others fear that it risks delaying or weakening the implementation of macroeconomic and structural policies. In these papers and comments, prominent international economists consider past and present interpretations of the meaning of international policy coordination; conditions necessary for coordination to be beneficial both to the direct participants and the global economy; influential factors for the quantitative impact of coordination; obstacles to coordination; the most—and least—effective methods of coordination; and future directions of the coordination process, including processes associated with greater fixity of exchange rates. These studies will be readily accessible to policymakers, while offering sophisticated analyses to interested scholars of the global economy.

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 9781557751331
Total Pages : 394 pages
Book Rating : 4.31/5 ( download)

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Download or read book Choosing an Exchange Rate Regime written by International Monetary Fund and published by International Monetary Fund. This book was released on 1990-09-15 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of papers, edited by Victor Argy and Paul De Grauwe, examines issues surrounding the choice of exchange rate regime in smaller industrial countries. It contains a comprehensive summary by Jacques J. Polak.

Author : Patrizio Tirelli
Publisher : Springer
ISBN 13 : 134922605X
Total Pages : 201 pages
Book Rating : 4.54/5 ( download)

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Download or read book Monetary and Fiscal Policy, the Exchange Rate and Foreign Wealth written by Patrizio Tirelli and published by Springer. This book was released on 2016-07-27 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Mrs.Teresa Ter-Minassian
Publisher : International Monetary Fund
ISBN 13 : 9781557756633
Total Pages : 1146 pages
Book Rating : 4.35/5 ( download)

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Download or read book Fiscal Federalism in Theory and Practice written by Mrs.Teresa Ter-Minassian and published by International Monetary Fund. This book was released on 1997-09-10 with total page 1146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past few decades, a clear trend has emerged worldwide toward the devolution of spending and, to a lesser extent, revenue-raising responsibilities to state and local levels of government. One view is that the decentralization of spending responsibilities can entail substantial gains in terms of distributed equity and macroeconomic management. The papers in this volume, edited by Teresa Ter-Minassian, examine the validity of these views in light of theoretical considerations, as well as the experience of a number of countries.

Author : Mr.Peter Isard
Publisher : International Monetary Fund
ISBN 13 : 9781557752345
Total Pages : 90 pages
Book Rating : 4.46/5 ( download)

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Download or read book Policy Issues in the Evolving International Monetary System written by Mr.Peter Isard and published by International Monetary Fund. This book was released on 1992-06-15 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can international monetary stability be promoted? This study looks at ways to bolster economic policies and coordination among the industrial countries serving as nominal anchors for the world economy. It also assesses the operation of monetary unions and common currency areas. The authors conclude that problems with the world monetary system reflect weaknesses outside the exchange rate arena, and that exchange rate commitements must be tailored to individual country characteristics.

Author : Michael Bleaney
Publisher : Routledge
ISBN 13 : 1134761503
Total Pages : 624 pages
Book Rating : 4.00/5 ( download)

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Download or read book A Guide to Modern Economics written by Michael Bleaney and published by Routledge. This book was released on 1996-07-04 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work provides a valuable review of the most important developments in economic theory and application over the last decade. Comprising twenty-seven specially commissioned overviews, the volume presents a comprehensive and student-friendly guide to contemporary economics. Previously published by Routledge as part of the Companion to Contemporary Economic Thought, these essays are made available here for the first time in a concise paperback edition. A Guide to Modern Economics will be a valuable guide to all those who wish to familiarize themselves with the most recent developments in the discipline.

Author : Mr.Bennett T. McCallum
Publisher : International Monetary Fund
ISBN 13 : 1451846010
Total Pages : 24 pages
Book Rating : 4.10/5 ( download)

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Download or read book Specification of Policy Rules and Performance Measures in Multicountry Simulation Studies written by Mr.Bennett T. McCallum and published by International Monetary Fund. This book was released on 1992-06-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much recent analysis of international monetary and fiscal policy issues, such as the choice of an exchange-rate regime or the design of a policy coordination scheme, has been conducted by stochastic simulations with multicountry econometric models. In these studies, it has become standard practice to consider alternative policy rules of a particular form that calls for departures of a policy instrument, from some “baseline” reference path, that are proportional to deviations of a specified target variable from its own baseline path. The present paper argues, however, that this standard rule form is seriously defective for evaluating such issues because the implied rules (1) often fail to be operational and (2) have associated performance measures that can be misleading in important cases. An example is presented that concerns the international “assignment problem” of optimally pairing instruments with policy objectives.