Macroeconomics and Small Developing Economies: A Policy-Maker’s Perspective

  • DeLisle Worrell
Part of the International Economic Association Series book series (IEA)


This chapter draws inferences from the recent literature on open-economy macroeconomics about policies to achieve sustainable economic growth with stable external account balances and low inflation in small developing countries. The policies to be examined include nominal exchange rate adjustment, monetary intervention, fiscal policy, trade policy and incomes policies. This chapter suggests how they might be combined under varying circumstances.


Exchange Rate Monetary Policy Fiscal Policy Real Exchange Rate Real Interest Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© International Economic Association 1994

Authors and Affiliations

  • DeLisle Worrell
    • 1
  1. 1.Central Bank of BarbadosBarbados

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