Browsing Nereus Consortium by Subject "Balance of payments"

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Current-account targeting and the equilibrium approach to fiscal policy

Barry, Frank (University College Dublin. School of Economics, 1992-05)

Internal and external balance are the twins goals of traditional Keynesian macroeconomic policy. New classical economists question whether either of these are related to welfare, since employment fluctuations may be ...
Devaluation of fixed exchange rates : optimal strategy in the presence of speculation

Pastine, Ivan (Springer Science + Business Media, 2000-04)

This paper analyzes devaluations in a fixed exchange rate system by endogenizing both the speculation and devaluation decisions. It is shown that deterministic devaluation rules are generally sub-optimal for the central ...