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Fact and Fancy in International Economic Relations

Author

Listed:
  • Balogh, Thomas
  • Balacs, Peter

Abstract

Fact and Fancy in International Economic Relations: An Essay on International Monetary Reform is written during 1971-2 in collaboration with Peter Balacs. It is a sequel to the Theoretical Introduction to, and the Historical Analysis of, a collection of essays Unequal Partners. This essay rebuts in particular the view that full employment and stability could be reconciled by, on the one hand, a combination of monetary and fiscal policies, and, on the other, the adoption of floating (or 'crawling' or 'adjustable') exchange rates. Emphasis is placed on the importance of the given historical situation, of the pattern of anticipations, in determining the outcome of the readjustment process after some disruption.

Suggested Citation

  • Balogh, Thomas & Balacs, Peter, 1973. "Fact and Fancy in International Economic Relations," Elsevier Monographs, Elsevier, edition 1, number 9780080177403.
    • Handle: RePEc:eee:monogr:9780080177403
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    Cited by:

    1. Nelson, Edward & Nikolov, Kalin, 2004. "Monetary Policy and Stagflation in the UK," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 36(3), pages 293-318, June.

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