Bienvenue chez nous!
Logo Ex Libris

Open Economy Dynamics

  • Couverture cartonnée
  • 216 Nombre de pages
(0) Donner la première évaluation
Évaluations
(0)
(0)
(0)
(0)
(0)
Afficher toutes les évaluations
The focus is on the inter action between demand and supply in a small open economy featuring the dynamics of private capital, publ... Lire la suite
CHF 125.00
Impression sur demande - l'exemplaire sera recherché pour vous.

Description

The focus is on the inter action between demand and supply in a small open economy featuring the dynamics of private capital, public debt and foreign assets. The overlapping generations model serves as a microfoundation. It proves useful to consider different scenarios. Exchange rates are either flexible or fixed. Money wages can be flexible, fixed or slow. Monetary and fiscal policy may be exogenous or endo genous. Either budget deficits are allowed, or continuous budget balance is postula ted. Wh at are the implications of various shocks? How does the chain of cause and effect look like? I had many helpful talks with my colleagues at Hamburg: Michael Schmid (now at Bamberg), Wolf Schäfer and Johannes Hackmann. In addition, Daphni-Marina Papadopoulou and Christine Schäfer-Lochte carefully discussed with me all parts of the manuscript. Last but not least, Doris Ehrich typed the manuscript as excellently as ever. I would like to thank all of them. CONTENTS INTRODUCTION 3 PART 1. FLEXIBLE EXCHANGE RATES 11 CHAPTER 1. BASIC MODEL 11 1. Flexible Money Wages 13 13 1. 1. Overlapping Generations 1. 2. Short-Run Equilibrium and Long-Run Equilibrium 23 1. 3. Stability 27 1. 4. Shoeks 30 2. Fixed Money Wages 34 34 2. 1. Overlapping Generations 2. 2. Short-Run Equilibrium and Long-Run Equilibrium 39 2. 3. Stability 41 2. 4. Shoeks 44 3. Slow Money Wages 52 3. 1. Special Case 1= 0 52 3. 2. General Case 60 4. Monetary Poliey 64 4. 1.

Contenu

Flexible Exchange Rates.- Basic Model.- Economy with Public Sector.- Fixed Exchange Rates.- Basic Model.- Economy with Public Sector.- Synopsis.- Synopsis.- Conclusion.- Conclusion.- Result.- Result.

Informations sur le produit

Titre: Open Economy Dynamics
Auteur:
Code EAN: 9783790807080
ISBN: 3790807087
Format: Couverture cartonnée
nombre de pages: 216
Poids: 331g
Taille: H235mm x B155mm x T14mm
Année: 1993
Auflage: 1993

Évaluations

Vue d’ensemble

Mes évaluations

Évaluez cet article