© 1993

Monetary and Fiscal Policy, the Exchange Rate and Foreign Wealth


Table of contents

  1. Front Matter
    Pages i-x
  2. Simple Rules for the Open Economy

  3. Simple Rules as a Surrogate for Policy Coordination

  4. Back Matter
    Pages 169-194

About this book


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.


economic policy fiscal policy macroeconomics

Authors and affiliations

  1. 1.Università CattolicaMilanItaly

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