Nontraded goods and the balance of trade in a neo-Keynesian temporary equilibrium
This paper explores the implications for international monetary economics of recent work on macroeconomic models of temporary equilibrium with rationing. A model of a small open economy is presented, which, though fully consistent in the long run with the monetary approach to the balance of payments...
| Main Author: | |
|---|---|
| Format: | Journal article |
| Language: | English |
| Published: |
John Wiley & Sons
1980
|
| Subjects: |