Macroeconomics and small developing economies

Author(s): Worrell, DeLisle (1992)

Created 20 Jul, 1992
Categories Working Papers
Views: 1990
This paper 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 countries. The policies to be examined include nominal exchange rate adjustment, monetary intervention, fiscal policy, trade policy and income policy. This paper suggests how they might be combined under varying circumstances.

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