EconPapers    
Economics at your fingertips  
 

Quelques aspects de la transmission internationale de l’inflation

Yves Rabeau
Additional contact information
Yves Rabeau: Université de Montréal

L'Actualité Economique, 1978, vol. 54, issue 2, 147-175

Abstract: In the first section, the impact of a shift in international demand on the price level of a small and open economy is analysed in the framework of the IS and LM diagram and under the assumption of a fixed exchange rate; only short run implications are derived from the analysis. In this keynesian context, it is shown, in particular, that the monetary policy implemented by a large country like the U.S. plays an important role in the assessment of the static short run impact of a change in international demand on the price level of a small country like Canada. In the second section of the paper, it is shown that a dynamic version of a keynesian macro model allows the rate of growth of prices of a small country to converge to the "international rate of inflation". In the last section, longer term issues are discussed in the context of the Scandinavian model of inflation. In particular, it is shown that a country like Canada with large regulated and para-public sectors is quite vulnerable to external inflationary shocks.

Date: 1978
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://id.erudit.org/iderudit/800770ar

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

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:actuec:v:54:y:1978:i:2:p:147-175

Access Statistics for this article

L'Actualité Economique is currently edited by Benoit Dostie

More articles in L'Actualité Economique from Société Canadienne de Science Economique Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Dostie ( this e-mail address is bad, please contact ).

 
Page updated 2025-03-19
Handle: RePEc:ris:actuec:v:54:y:1978:i:2:p:147-175