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Some Theory of the Open Macroeconomy

M. L. Burstein

Chapter 10 in Modern Monetary Theory, 1986, pp 141-163 from Palgrave Macmillan

Abstract: Abstract The only adjustment mechanism of the hyper-keynesian scheme that follows is based on expansion and contraction of domestic production; adjustment via terms of trade, for example, is ignored.

Keywords: Exchange Rate; Open Economy; Current Account; Fiscal Policy; Real Wage (search for similar items in EconPapers)
Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18070-7_10

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DOI: 10.1007/978-1-349-18070-7_10

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