01776cas a2200241 a 4500 AALejournalIMF010126 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451922875 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Simulating the Effects of Some Simple Coordinated versus Uncoordinated Policy Rules. Washington, D.C. : International Monetary Fund, 1989. 1 online resource (48 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Effects of different policy rules are simulated: uncoordinated targeting of the money supply or nominal income, use of monetary policy to achieve coordinated targets for nominal or real exchange rates, and the use of monetary and fiscal policies to hit targets for internal and external balance. The following conclusions emerge: rules which performed best for some shocks performed poorly for others; monetary policy was ineffective in limiting movements in real exchange rates; unconstrained use of fiscal policy was quite powerful in influencing real variables; and dynamic instability was a potentially serious problem. Robustness to different specifications and to constraints on instruments remains to be examined. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1989/017 Full text available on IMF http://elibrary.imf.org/view/journals/001/1989/017/001.1989.issue-017-en.xml IMF e-Library