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Palgrave Macmillan

Monetary and Fiscal Policy, the Exchange Rate and Foreign Wealth

  • Book
  • © 1993

Overview

Authors:
  1. Patrizio Tirelli

    1. Università Cattolica, Milan, Italy

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  • 171 Accesses

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Table of contents (7 chapters)

  1. Front Matter

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

    1. Front Matter

      Pages 1-1
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    2. The Design of Simple Rules for the Open Economy

      • Patrizio Tirelli
      Pages 3-22

    3. Open Economy Models: The Macroeconomic Approach

      • Patrizio Tirelli
      Pages 23-45

    4. Monetarist Macroeconomic Policy Rules in a Small Open Economy Model

      • Patrizio Tirelli
      Pages 46-64

    5. Simple Policy Rules for the Open Economy: Evaluating Alternative Proposals

      • Patrizio Tirelli
      Pages 65-107

  3. Simple Rules as a Surrogate for Policy Coordination

    1. Front Matter

      Pages 109-109
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    2. Macroeconomic Policy and Interdependence: The Debate on International Policy Coordination

      • Patrizio Tirelli
      Pages 111-132

    3. Simple Rules for Policy Coordination: An Evaluation of Alternative Assignments

      • Patrizio Tirelli
      Pages 133-165

    4. Concluding Remarks

      • Patrizio Tirelli
      Pages 166-168

  4. Back Matter

    Pages 169-194
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Keywords

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.

Authors and Affiliations

  • Università Cattolica, Milan, Italy

    Patrizio Tirelli

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