s secure login - Sea X Forum: Discussion 6: Week 11 Fis X bard.uvi.edu/webapps/discussionboard/do/forum?action=list_threads&course_id=_39166_1&forum_id=49810&nav=discuss... A There are currently o threads in this forum. Create a thread to help start the conversation! Create Thread FORUM DESCRIPTION The US Virgin Islands has consistently been plagued with revenue shortfalls, operational deficits, high dependency of Federal transfers to maintain high spending levels. The result has been structural deficits and a high debt per capita ratio. 1. Given this fragility in public finances and budgeting, would you recommend the adoption of a fiscal rule? Yes or No. 2. Do you think the Territory has the prerequisite quality of institutions, political maturity, and capacity to monitor and gather data quickly and reliably and process it? 3. Would a fiscal rule contribute to better governance and more credibility with outside bond investors, credit rating agencies, and Federal government partner agencies? 1 Rules or Discretion in Monetary Policy: National and International Perspectives Abstract The long-standing debate on whether monetary policy is best conducted under a regime based on rules or, alternately, in a framework where discretion prevails has yet to be settled Indeed, it is a debate that transcends the realms of monetary policy and of economic management in general. It concerns a basic principle of governance that relates to the method of organizing social and economic behavior should it be based on a well-defined code of conduct, or should it depend on how those in authority judge and interpret events? IMF eLibrary Frameworks for Monetary Stability Ch Of F3 II F4 E 4 $ % 5 FS F6 & 6 7 8 R T T Y U DELL 12:06 PM 84F Partly sunny 10/31/2023 FB F9 9 prt sc F10 0 home F11 end Insert delete F12 BB backspace num lock 0 P [ CE + 8 ***