Inflation and Employment in Open Economies: Essays

analysis Assar Lindbeck asset market assumed assumption balance of payments Calmfors capital costs countries current account deficit demand for labor determined domestic and foreign domestic inflation domestic rate Dornbusch endogenous equations excess demand exchange risk exogenous export factors fiscal policy fixed exchange rates flexible exchange rates floating exchange rates foreign assets foreign price impact effect important income share inflation rates influence interest rates investment labor market Lindbeck long-run equilibrium monetary policy money supply money wage disturbance Myhrman nontradable sector output path Phillips curve price changes price equations price increase price index productivity rate of change rate of inflation rate of return rate of wage real wage relative price rise Scandinavian model shift short-run small open economy stabilization policy steady-state substitutes Sweden Swedish terms of trade tradable sector unemployment variables wage in terms wage increase world inflation world market prices