International EconomicsMacmillan, 1968 - Počet stran: 332 Analyzes the classical theory, introduces monetary dynamic elements into the theory of exchange, and treats international macroeconomic theory from the stand-point of the theory of policy. |
Obsah
The Classical System | 3 |
Transfers Productivity and Taxes | 17 |
Generalization of the Classical Model | 43 |
Autorská práva | |
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adjustment process analysis assets assumed assumption B₁ balance of payments balance of trade balance-of-payments Bank of England budget deficit capital movement central bank commodity comparative statics consumption criterion currency area decrease deficit countries demand for imports demand for money depends disequilibrium dollar domestic expenditure economic effect elasticity of demand equal equation equilibrium excess demand excess supply external factor Figure fiscal policy fixed exchange rates flexible exchange rates foreign exchange gold Hicks conditions implies improve increase inflation initial interest rate internal balance investment marginal product marginal propensity ment Metzler monetary policy money income money supply negative numéraire offer curve output positive price level problem propensity to import quadrant rate of interest real income result rise shift slope stability conditions sterling surplus countries targets tariff tariff reduction terms of trade theory trade balance transfer transport costs U.S. dollar United variable worsens θα