Flexible Exchange Rates and Employment Policy |
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Page 509
... Meeting of the Canadian Chamber of Commerce in Calgary , October 5 , 1960 . 509 Vol . XXVII , no . 4 , Nov. , 1961 II . A PLAUSIBLE MODEL AND ITS STABILITY CONDITIONS For FLEXIBLE EXCHANGE RATES AND EMPLOYMENT POLICY ...
... Meeting of the Canadian Chamber of Commerce in Calgary , October 5 , 1960 . 509 Vol . XXVII , no . 4 , Nov. , 1961 II . A PLAUSIBLE MODEL AND ITS STABILITY CONDITIONS For FLEXIBLE EXCHANGE RATES AND EMPLOYMENT POLICY ...
Page 510
... exchange rate ( defined as the price of foreign currency in terms of domestic currency ) . The system is represented in Figure 1 . The XX curve traces the locus of exchange rates ... Flexible Exchange Rates and the Theory of Employment ...
... exchange rate ( defined as the price of foreign currency in terms of domestic currency ) . The system is represented in Figure 1 . The XX curve traces the locus of exchange rates ... Flexible Exchange Rates and the Theory of Employment ...
Page 513
... flexible exchange rates than under a system of fixed exchange rates . IV . MONETARY POLICY And EmploymENT Monetary policy is in reality extremely complicated with many ... EXCHANGE RATE Y F ' F X X ' OUTPUT Exchange Rates and Employment 513.
... flexible exchange rates than under a system of fixed exchange rates . IV . MONETARY POLICY And EmploymENT Monetary policy is in reality extremely complicated with many ... EXCHANGE RATE Y F ' F X X ' OUTPUT Exchange Rates and Employment 513.
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