Macroeconomic policy trilemma in open economies: which policy option is ideally suited to the Malaysian context?
Right now Malaysia has the major economic fundamentals more or less right(excepting the budget deficit). The inflation rate is low (1.2%), unemployment rate is relatively low (3.5%), current account balance is significantly positive (13.7%), foreign reserves are growing and comfortable and the savin...
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| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia,
2005-07.
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| Online Access: | Get fulltext |