Monetary and Fiscal Policy, the Exchange Rate and Foreign Wealth

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.