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The Specification and Influence of Goods and Factor Markets in Open Economy Macroeconomic Models

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Author Info
Neil Bruce
Douglas D. Purvis

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Abstract

This paper explores the structure and specification of goods and factor markets in open economy macro models. Simple benchmark models are set up which abstract entirely from market structure and focus on goods market structure. These real and monetary factors are combined in a full employment context, then in an unemployment/ variable output context. We consider some applications of specie-flow mechanisms and the purchasing power parity doctrine.

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Paper provided by Queen's University, Department of Economics in its series Working Papers with number 499.

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Length: 90
Date of creation: 1982
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Handle: RePEc:qed:wpaper:499

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  1. Panagiotis Liargovas, 1999. "An Assessment of Real Exchange Rate Movements in the Transition Economies of Central and Eastern Europe," Post-Communist Economies, Taylor and Francis Journals, vol. 11(3), pages 299-318, September. [Downloadable!] (restricted)
  2. Dr Anthony J. Makin & Alexander Robson, 2002. "The Welfare Cost Of Capital Immobility And Capital Controls," Discussion Papers Series 318, School of Economics, University of Queensland, Australia. [Downloadable!]
  3. Nikolina Kosteletou & Panagiotis Liargovas, 2000. "Foreign Direct Investment and Real Exchange Rate Interlinkages," Open Economies Review, Springer, vol. 11(2), pages 135-148, April. [Downloadable!] (restricted)
  4. D. Johannes Juttner & Wayne Leung, 2004. "Towards Decoding Currency Volatilities," Research Papers 0405, Macquarie University, Department of Economics. [Downloadable!]
  5. Aghion, Philippe & Bacchetta, Philippe & Banerjee, Abhijit, 1999. "Capital Markets and the Instability of Open Economies," CEPR Discussion Papers 2083, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  6. H. Molana & T. Moutos, 1992. "Returns to scale, imperfect competition and aggregate demand and trade policy effects in a two-country model," Open Economies Review, Springer, vol. 3(3), pages 271-295, October. [Downloadable!] (restricted)
  7. Torben Andersen & Niels Hansen, 1995. "Price adjustment in open economies," Open Economies Review, Springer, vol. 6(4), pages 303-321, October. [Downloadable!] (restricted)
  8. Jyh-Lin Wu, 1994. "Fiscal announcements and real exchange rate dynamics," Open Economies Review, Springer, vol. 5(2), pages 177-190, March. [Downloadable!] (restricted)
  9. Jean-Marie Viaene, 1992. "Real effects of the 1992 financial deregulation," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 128(4), pages 615-638, December. [Downloadable!] (restricted)
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