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the government through its ability to fix the real cost of capital for the firm, expenditure and monetary policy …
Persistent link: https://www.econbiz.de/10012729021
In recent years, Fund staff has prepared cross-country analyses of macroeconomic vulnerabilities in low-income countries, focusing on the risk of sharp declines in economic growth and of debt distress. We discuss routes to broadening this focus by adding several macroeconomic and macrofinancial...
Persistent link: https://www.econbiz.de/10013250073
This chapter draws inferences from the recent literature on open-economy macroeconomics about policies to achieve sustainable economic growth with stable external account balances and low inflation in small developing economies
Persistent link: https://www.econbiz.de/10012869703
the economic dynamics in a currency union. Second, when the economic dynamics are unstable, more activist monetary policy … indeterminate, more activist monetary policy does not lead to a determinate equilibrium. In an application to euro area data, we …
Persistent link: https://www.econbiz.de/10012133941
stimuls should be merged with monetary policy, although herewith it requires tough coordination between government-led public … tax balance, while fiscal policy should be oriented only on regulation of aggregate demand. Cutting taxes and decreasing …
Persistent link: https://www.econbiz.de/10012955223
We develop a simple semistructural model for the Rwandan economy to better understand the monetary policy transmission … structural features of Rwanda's economy and policy framework, such as the limited degree of capital mobility. A filtration of the …
Persistent link: https://www.econbiz.de/10013047608
a macroeconomic and macrosectoral view of the policy framework and its possible interaction with the agricultural sector … economywide policies. 1 Since then, there have been nontrivial changes in macroeconomic trends and policy debates, not only …
Persistent link: https://www.econbiz.de/10014024058
remained dominant in mainstream economics despite recurrent policy failures, contradictory theories and inconclusive revisions … manageable by macroeconomic policy guided by this analysis. We explore why this epistemological approach of the economy has … of both theories and policies. We identify a relationship of ‘epistemic entanglement’ between economics as a discipline …
Persistent link: https://www.econbiz.de/10014078641
Persistent link: https://www.econbiz.de/10014022654
Eurosystem. The study also goes into the major economic policy debates, as well as the specific lines of macroeconomic and …
Persistent link: https://www.econbiz.de/10013137925