Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/61629
Title: Macroeconomic stability and economic resilience in small states : the role of macroeconomic policies
Other Titles: Small states and the pillars of economic resilience
Authors: Schembri, Lawrence
Keywords: Macroeconomics -- Case studies
Economics -- Legal aspects
Environment -- Economic aspects
Sustainable development
States, Small -- Economic aspects
Issue Date: 2008
Publisher: University of Malta. Islands and Small States Institute & The Commonwealth Secretariat
Citation: Schembri, L. (2008). Macroeconomic stability and economic resilience in small states: the role of macroeconomic policies. In L. Briguglio, G. Cordina, N Farrugia, & C. Vigilance (Eds.), Small states and the pillars of economic resilience (pp. 37-58). Msida: University of Malta. Islands and Small States Institute & London: The Commonwealth Secretariat
Abstract: This chapter examines the role of macroeconomic stability in building economic resilience and considers which public policies are best suited towards this end, especially in small states. The paper argues that small states have difficulty achieving stable economic growth principally because they are highly exposed to external shocks. In this regard, economic resilience is an important and useful concept as it relates to the capacity of small states to respond to such shocks. The main argument put forward in this chapter is that fiscal deficits must be prudently managed to ensure that the path for public debt is sustainable; otherwise other macroeconomic policies will be undermined.
URI: https://www.um.edu.mt/library/oar/handle/123456789/61629
ISBN: 978-99909-49-24-7
Appears in Collections:Small states and the pillars of economic resilience

Files in This Item:
File Description SizeFormat 
Macroeconomic_stability_and_economic_resilience_in_small_states.pdf407.61 kBAdobe PDFView/Open


Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.