Theory and Policy of Adjustment in an Open Economy.

Theory and Policy of Adjustment in an Open Economy.

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This paper presents a non-technical introduction to the analysis of how an open economy adjusts to exogenous shocks. Three alternative models of adjustment are considered, each one appropriate to a different time horizon: the specific-factors model with transitional unemployment for the short run; t...

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Библиографические подробности
Главный автор:	Neary, J
Формат:	Working paper
Язык:	English
Опубликовано:	CEPR 1985

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