What people are saying - Write a review
We haven't found any reviews in the usual places.
APPROACHES TO THE ANALYSIS OF DEvALuATi0N
MACROECONOMIC MODELS OF OPEN EcoN0MrEs
AN INTEGRATED MAcR0Ec0N0M1c MODEL or
8 other sections not shown
absorption approaches adjustment process aggregate demand curve aggregate expenditure function aggregate supply curve Alexander’s assumed assumption balance of payments balance of trade bonds Chapter Classical system comparative static Correspondence Principle dB/de dB/dm deﬁcit deﬁned devaluation analysis domestically produced dY/de eﬂects elasticities and absorption equation excess demand functions exchange rate exports external balance line ﬁnal ﬁrst ﬁscal policy ﬁxed foreign framework full employment gross substitutes Hahn homogeneity properties implies income effects increase inﬁnitely elastic interest rate effects Irving Fisher Keynesian neutral monetary level of output long-run macroeconomic model marginal propensity Marshall-Lerner condition model developed modiﬁed monetarist literature monetary authorities money income money wage rate negative slope neutral monetary policy nominal money supply nontraded open economy output and employment price change real income relative price shift short-run signiﬁcant small-country solving speciﬁcation stability surplus terms of trade tion totally differentiating trade balance Tsiang’s variables Walrasian model yields