Balance of Payments Adjustment by Expenditure Switching
J. Harvey and
M. Johnson
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J. Harvey: University of Reading
M. Johnson: Hatfield Polytechnic
Chapter 18 in Introduction to Macro-Economics: A Workbook, 1973, pp 90-93 from Palgrave Macmillan
Abstract:
Abstract In the previous two chapters we have seen that, where the exchange rate is fixed, balance of payments equilibrium can be achieved through variations in the economy’s level of income. Such variations, however, may be undesirable because they conflict with a full employment policy.
Keywords: Exchange Rate; Full Employment; Home Market; Export Earning; Home Price (search for similar items in EconPapers)
Date: 1973
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-01871-0_18
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DOI: 10.1007/978-1-349-01871-0_18
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