Real Exchange Rate Targeting: Currency or Capital Control Problem? Fiscal Policy
The paper shows that the impossibility to reach a real exchange ratetarget, as proposed by the "Monetary Trilemma" can be circumvented byadding one policy instrument. In the choice between countercyclical fiscalpolicy and control of capital movements, the first one appears as thepreferred...
Main Author: | Milei, Javier Gerardo |
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Format: | Online |
Language: | spa |
Published: |
Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba.
2004
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Subjects: | |
Online Access: | https://revistas.unc.edu.ar/index.php/REyE/article/view/3807 |
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