Campbell, Robert Bruce
The underlying theme of this study is to examine and
compare the effectiveness and consequences of implementing
two alternative stabilisation techniques in an open economy.
The study incorporates an applied extension of recent
theoretical stabilisation developments. In particular, the
familiar optimisation or flexible target technique is compared
with the new dynamic Tinbergen or fixed target technique.
Essentially, the fixed target approach allows the policy-maker
to exactly achieve a...[Show more]
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.