Flexible Wechselkurse, keynesianische Modelle und terms of trade-Effekte. Ein weiterer Kommentar nicht nur zu Roth
Year: 1979
Author: Graf, Gerhard
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 99 (1979), Iss. 3 : pp. 355–370
Abstract
Both in the models of open economies of Laursen and Metzler and Sohmen changes in the foreign exchange rate cause terms of trade-effects that again entail reactions of the level of income in the economy under consideration. The different effects are laid down and their respective importance is evaluated. In addition, it is investigated whether the models do contain those effects or, by neglecting them, might lead to serious misinterpretations. On that basis I reply to some critical comments as to my former treatment of the subject.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.99.3.355
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 99 (1979), Iss. 3 : pp. 355–370
Published online: 1979-03
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 16