The Theory of International Economic Policy, Svazek 1Oxford University Press, 1954 "Issued under the auspices of the Royal Institute of International Affairs." v. 1. The balance of payments. v. 2. Trade and welfare. Mathematical supplement. |
Obsah
As and Bs National Income Domestic Expenditure | 36 |
Effect of Changes in Relative Prices on the Balance | 69 |
The Meaning of Fiscal and Monetary Policy and | 99 |
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adopt amount autonomous B's balance B's currency B's exports B's favour B's imports B's products balance of payments balance of trade balance-of-payments cause cent Chapter column commodity D₁'s D₂ Da's deficit country deflation of domestic deflationary demand for A's demand for imports depreciation of B's direct controls domestic expenditure economic effect elasticity of demand elasticity of supply equilibrium example exchange control exchange-control authority export products fall favourable movement financial policy foreign currency foreign exchange home-produced import duty import restrictions increase in domestic inflation labour licences marginal propensity ment monetary authorities money wage rates motor-cars offset policy for internal price adjustment price of B's propensity to import purchasers rate of exchange receipts reduced residents restore external balance result rise S₁ S₁'s S₂ shift of demand speculation spontaneous increase supply of money Suppose surplus country Table terms of B's terms of trade value of B's