The purpose of this paper is to discuss the choice between an exchange rate target and an inflation target for Norway. The paper also contains a brief discussion of the objectives of monetary policy and of an optimal delegation of monetary policy in a representative democracy, which serves to place this choice in a broader context. 1 Monetary policy goals Let me start from the presumption that ...

The Bush administration’s emerging market strategy is an interrelated part of our overall international economic agenda. The agenda focuses on two goals: increasing economic growth and increasing economic stability throughout the world, not only in emerging markets countries, but also in the developing countries and in the industrial countries, including the United States. President Bush’s idea...

macroeconomic policies lead to changes in farming system. these changes are accompanied by some most prominent factors that affect soil erosion. change in relative prices and its impact on soil erosion, via induced changes in crop patterns and agricultural practices, are related to policies implemented. one of the major goals of the present study is to emphasize on the flow of trade policies in...

In response to resource over-exploitation and ecosystem degradation, United States federal fisheries policy is shifting from species-based to ecosystem-based management. In addition, the reauthorized Magnuson-Stevens Fisheries Conservation and Management Reauthorization Act of 2006 identified the following goals to be achieved by 2011: end over-fishing, create market-based incentives, strengthe...