Abstract
The chapter analyzes the role of monetary and fiscal policy in an open economy. The chapter is divided into three main sections. The first is focused on the short term, when prices are sticky. The second is devoted to the analysis of the medium run, when the price level can change. The third and final section takes into consideration the role of economic policy in an open economy when interest rates are at the zero-lower bound.
| Titolo tradotto del contributo | [Autom. eng. transl.] Exchange rate and macroeconomic policies in an open economy |
|---|---|
| Lingua originale | Italian |
| Titolo della pubblicazione ospite | Macroeconomia. Teoria e Pratica |
| Pagine | 1-37 |
| Numero di pagine | 37 |
| Stato di pubblicazione | Pubblicato - 2017 |
Keywords
- exchange rates
- open economy macroeconomics
- politica economica
- politica economica, economia aperta
- tasso di cambio