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Stabilisation Policy in an Open Economy

In: International Macroeconomics

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  • Graham Bird

    (University of Surrey)

Abstract

The question to be tackled in this chapter relates to how macroeconomic policies may be organised to achieve their principal objectives. An approved way of approaching this question is, first, to describe the targets that the policy-making authorities are setting out to achieve, second, to describe the policy instruments through which attempts are made to realise these targets, and third, to analyse how the instruments may be combined in the most efficient fashion.

Suggested Citation

  • Graham Bird, 1987. "Stabilisation Policy in an Open Economy," Palgrave Macmillan Books, in: International Macroeconomics, chapter 6, pages 69-96, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-09829-0_6
    DOI: 10.1007/978-1-137-09829-0_6
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