Inflation in small countries: proceedings of an international conference held at the Institute for Advanced Studies in Vienna, November 1974, Issues 119-121
Springer-Verlag, 1976 - Business & Economics - 356 pages
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A Critical Examination
An Elementary Monetarist Model of Simultaneous
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Inflation in Small Countries: Proceedings of an International Conference ...
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aggregate demand assets assume Aukrust Aukrust-EFO model average balance of payments BRANSON & MYHRMAN C-sector capacity utilization capital CARRIN & BARTEN cent CLAASSEN coefficient contract wages current account determined domestic DRIEHUIS effect elasticity endogenous variables equal equilibrium excess demand excess supply exchange rate exogenous export prices forward contracts full employment function growth rate important index clauses inflation rate interest rates investment Keynesian labour productivity long-run monetarist monetary expansion monetary policy monetary wealth money illusion money market money supply nominal interest rate Norway output period Phillips curve predictions price equations price increase profit propensity quantity of money rate of change rate of inflation rate of interest rate of monetary real income real wage relative revaluation RIJCKEGHEM & MAYNARD Scandinavian model STOTZEL theory tion unemployment unindexed economy wage rate WOLFF world economy world price level