The Theory of Output and Inflation with Rational Expectations in Open Economies

Paul Grauwe, Michele Fratianni and Mustapha K. Nabli
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Paul Grauwe: Catholic University of Leuven
Mustapha K. Nabli: University of Tunis

Chapter 2 in Exchange Rates, Money and Output, 1985, pp 7-21 from Palgrave Macmillan

Abstract: Abstract The objective of this chapter is to develop a theoretical framework of the real sector of a small open economy which will then be tested in Chapter 3 using annual and quarterly data from six EC member countries.

Keywords: Price Level; Rational Expectation; Intermediate Good; Small Open Economy; Real Sector (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17699-1_2

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DOI: 10.1007/978-1-349-17699-1_2

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