Monetary and Commercial Policy in a Two-Country Flexible Exchange Rate Model with Perfect Foresight and Capital Mobility

Slobodan Djajic

Working Paper from Economics Department, Queen's University

Abstract: A two-country portfolio balance model is developed to analyse the international transmission of monetary and commercial policy disturbances under flexible exchange rates. Emphasis is placed on the role of capital mobility, differences in money demand functions across countries, and national net-asset positions. Both short- and long-run effects are considered under the assumption of rational expectations.

Pages: 50
Date: 1980
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:383

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