the conventional policy responses that are available to mitigate the main problems that can be caused by DD. This … likely to call for countervailing macroeconomic policy interventions, and when other approaches may be more appropriate. The … typically create joint macroeconomic management problems for such countries. -- Aid ; Dutch disease ; monetary policy ; fiscal …

and aim to better integrate the financial sector in business cycle analysis. Policy making institutions need to compare … available models of policy transmission and evaluate the impact and interaction of policy instruments in order to design … effective policy strategies. This paper reviews the literature on model comparison and presents a new approach for comparative …