Flexible Exchange Rates and Employment Policy |
From inside the book
Results 1-3 of 4
Page 509
... changes in the terms of trade and saving . A useful survey of the literature on the subject is given by Harry G. Johnson , " The Transfer Problem and Exchange Stability , " Journal of Political Economy , June , 1956 . 2It is sufficient ...
... changes in the terms of trade and saving . A useful survey of the literature on the subject is given by Harry G. Johnson , " The Transfer Problem and Exchange Stability , " Journal of Political Economy , June , 1956 . 2It is sufficient ...
Page 512
... change the balance of payments , but it will create an excess demand for goods and services . To correct this excess ... changes until the point Q ' is reached . 4 See Appendix , 1 . 5See Appendix , 2 . EXCHANGE RATE F X X ' OUTPUT Y1 Y2 ...
... change the balance of payments , but it will create an excess demand for goods and services . To correct this excess ... changes until the point Q ' is reached . 4 See Appendix , 1 . 5See Appendix , 2 . EXCHANGE RATE F X X ' OUTPUT Y1 Y2 ...
Page 514
... change in the exchange rate and the level of output ; it is also necessary to know the extent of the shift in the two ... changes in excess demand and EXCHANGE RATE X F F T R S - F. 514 Canadian Journal of Economics and Political Science.
... change in the exchange rate and the level of output ; it is also necessary to know the extent of the shift in the two ... changes in excess demand and EXCHANGE RATE X F F T R S - F. 514 Canadian Journal of Economics and Political Science.
Common terms and phrases
assume balance of payments capital movements central bank changes commercial policy creates an excess depreciation dynamic system effective under flexible effects of fiscal eliminated employment and output equilibrium exceed the slope excess demand excess supply exchange rate-output complex exports F X FIGURE FF schedule fiscal policy fixed exchange rates flexible exchange rates foreign balance schedule foreign exchange foreign trade multiplier foreign-balance schedule improve employment income expansion increase employment increase in income increase in output increased investment interest rate internal balance schedule internal-balance schedule Keynesian Laursen-and-Metzler leakage through foreign level of employment level of output locus of exchange ment monetary policy multiplier effect Policy on Employment positive slope price of foreign quadrants RATE X F reduce capital imports situation in Figure slope of FF slope of XX spending on home STABILITY CONDITIONS terms of trade Theory of Employment XX curve XX exceed XX line XX schedule θα ах