Time consistency of optimal policy in a small open economy
In this book, I characterize conditions under which optimal monetary and fiscal policy is time consistent in a stylized small open economy with a flexible foreign exchange rate regime. I show that these conditions depend on the way in which leisure is assumed to enter preferences and/or on the process which productivity is assumed to follow. I further argue that these conditions will fail to be sufficient if the small open economy implements a fixed foreign exchange rate regime. Thus, in a small open economy with conventional debt instruments and with households who have preference over consumption, leisure, and real money balances, it is imp…
Mehr
CHF 52.90
Preise inkl. MwSt. und Versandkosten (Portofrei ab CHF 40.00)
V105:
Folgt in ca. 15 Arbeitstagen
Produktdetails
- ISBN: 978-3-659-56410-9
- EAN: 9783659564109
- Produktnummer: 37426574
- Verlag: LAP Lambert Academic Publishing
- Sprache: Englisch
- Erscheinungsjahr: 2014
- Seitenangabe: 56 S.
- Masse: H22.0 cm x B15.0 cm x D0.3 cm 102 g
- Abbildungen: Paperback
- Gewicht: 102
Über den Autor
Associate Professor of Economics, East Carolina University, Brewster A-432, Greenville, NC 27858.
15 weitere Werke von Xuan Liu:
Bewertungen
Anmelden