Ocampo Gaviria, José Antonio - In: Revista de economía política de Buenos Aires 1 (2007), pp. 7-30
not only price stability and
sound fiscal policies, but also a well-functioning real
economy, sustainable debt ratios and … healthy public
and private sector balance sheets. These multiple
dimensions imply using multiple policy instruments.
The paper … elaborates a framework for developing
countries that involves active use of countercyclical
macroeconomic policies (exchange rate …