This paper examines, within a theoretical framework, some of the constraints that the openness of the economy impose upon policy making. The openness of the economy imposes constraints on the effectiveness and proper conduct of macroeconomic policies but it also provides policy makers with information that may be usefully exploited in the design of policy. In order to set the stage for the analysis and in order to illustrate how the degree of integration...
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INFORMATION
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1986/01/31
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Document de travail départemental
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CPD8626
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1
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1
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2017/11/19
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Disclosed
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The international constraints on macroeconomic policies in interdependent economies
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