Constraints on the Design and Implementation of Monetary Policy in Oil Economies : The Case of Venezuela

The Case of Venezuela

Constraints on the Design and Implementation of Monetary Policy in Oil Economies : The Case of Venezuela
By definition, fiscal dominance impedes the effective implementation of any monetary strategy aimed at controlling inflation. Economies that exhibit oil dominance-a situation in which oil exports largely affect the main macroeconomic indicators-may also exhibit fiscal dominance. However, in this case, the standard indicators used to gauge the... READ MORE...

Publication date: June 2008
ISBN 9781451870008
$18.00

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