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The Balance of Payments

In: Introduction to Macro-Economics: A Workbook

Author

Listed:
  • J. Harvey

    (University of Reading)

  • M. Johnson

    (Hatfield Polytechnic)

Abstract

So far we have considered only a closed economy. This has enabled us to concentrate on the problem of securing a full employment equilibrium level of income by simply adjusting demand for internally-produced goods and services. International economic repercussions of such a policy have been ignored. Chapters 16–18 relax the assumption of a closed economy and should be treated as a block.

Suggested Citation

  • J. Harvey & M. Johnson, 1973. "The Balance of Payments," Palgrave Macmillan Books, in: Introduction to Macro-Economics: A Workbook, chapter 16, pages 80-85, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-01871-0_16
    DOI: 10.1007/978-1-349-01871-0_16
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    Citations

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    Cited by:

    1. G. Bazot & M. D. Bordo & E. Monnet, 2014. "The Price of Stability. The balance sheet policy of the Banque de France and the Gold Standard (1880-1914)," Working papers 510, Banque de France.
    2. Bazot, Guillaume & Bordo, Michael D. & Monnet, Eric, 2016. "International shocks and the balance sheet of the Bank of France under the classical gold standard," Explorations in Economic History, Elsevier, vol. 62(C), pages 87-107.
    3. Stephen Turnovsky, 1979. "The dynamics of an open economy with endogenous monetary and fiscal policies," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 115(2), pages 201-223, June.
    4. Sung Y. Kwack, 1975. "Output, inflation, and the balance of payments in a small, fixed- exchange rate economy: tests with data for Korea, 1960-1973," International Finance Discussion Papers 64, Board of Governors of the Federal Reserve System (U.S.).
    5. Sanjeev Gupta, 1980. "An application of the monetary approach to black market exchange rates," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 116(2), pages 235-252, June.
    6. A. E. Safarian, 1979. "Foreign Ownership and Industrial Behaviour: A Comment on 'The Weakest Link.'," Canadian Public Policy, University of Toronto Press, vol. 5(3), pages 318-335, Summer.
    7. Gonçalves, Antonio Carlos Pôrto, 1980. "O problema brasileiro de balanço de pagamentos e de endividamento externo," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 34(4), October.
    8. Marvin Goodfriend, 1979. "Exchange rate policy and the dual role of exchange rate movements in international adjustment," Economic Review, Federal Reserve Bank of Richmond, vol. 65(Sep), pages 16-26.
    9. Soldatos, Gerasimos T., 2014. "A Fiscal-Monetary Policy Scheme Against Greek Indebtedness and Impoverishment," MPRA Paper 57080, University Library of Munich, Germany.
    10. Jere Behrman & James A. Hanson, 1979. "The Use of Econometric Models in Developing Countries," NBER Chapters, in: Short-Term Macroeconomic Policy in Latin America, pages 1-38, National Bureau of Economic Research, Inc.

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