Notes on Intertemporal Trade in Goods and Money

Rudiger Dornbusch

Journal of Applied Economics, 1998, vol. I, pages 165-177

Abstract: Over the past decade, open economy macroeconomics has been broadened to encompass international lending and it has been deepened by microeconomic approaches to the role of money and the determinants of intertemporal resource allocation. The present paper offers a highly simplified model of trade in goods and money to explore the determinants of real interest rates and the price level in the world economy. The purpose of the paper is to set out the absolutely simplest model of the world economy where money and debt are held and traded so as to create foundations for the ambitious questions of welfare economics or risk that are now increasingly attracting attention.

Date: 1998
View list of references

Downloads: (external link)
http://www.cema.edu.ar/publicaciones/download/volume1/dornbusch.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Access Statistics for this article

Journal of Applied Economics is edited by Germán Coloma and Mariana Conte Grand and Jorge M. Streb

More articles in Journal of Applied Economics from Universidad del CEMA
Contact information at EDIRC.
Series data maintained by Valeria Dowding ().