Macroeconomic Analysis for Small Open Economies

Martin Prachowny

Working Paper from Economics Department, Queen's University

Abstract: This book presents a two-sector macroeconomic model of a small open economy in which the relative price of nontradables and the real wage in units of tradables play a crucial role in the determination of important macroeconomic variables. Superimposed on this framework is the monetary sector where nominal variables are determined. The impact of sectoral conflict on policy decisions is a recurring theme.

Pages: 270
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:445

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