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H G Johnson 1958
W M Corden 1960
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adjustment aggregate analysis assets assumed assumption balance of payments balance of trade balance-of-payments capital movements cent central banks commodities cost current account deficit countries demand and supply demand curve demand for imports depreciation devaluation diagram dollars domestic currency effect elasticity of demand equations equilibrium estimates excess demand exchange-rate exports and imports external balance financing fiscal policy fixed exchange rates flexibility floating exchange rate foreign currency foreign exchange full employment Harberger import demand import restrictions increase indifference curve initial interest rate International Monetary Fund international reserves international trade investment Keynesian marginal propensities ment Metzler monetary authorities monetary policy money supply national income non-tradable output price level problem production Puerto Rico purchasing-power parity real expenditure real income reduce relative price result rise saving seigniorage shift stability supply curves surplus terms of trade theory tion tradable trade balance transfer U.S. dollar United Kingdom unity value of exports