Notes on Intertemporal Trade in Goods and Money
Over the past decade, open economy macroeconomics has been broadened to encompass international lending and it has been deepened by microeconomic approaches to the role of money and the determinants of intertemporal resource allocation. The present paper offers a highly simplified model of trade in goods and money to explore the determinants of real interest rates and the price level in the world economy. The purpose of the paper is to set out the absolutely simplest model of the world economy where money and debt are held and traded so as to create foundations for the ambitious questions of welfare economics or risk that are now increasingly attracting attention.
Volume (Year): I (1998)
Issue (Month): (November)
|Contact details of provider:|| Postal: |
Phone: (5411) 6314-3000
Fax: (5411) 4314-1654
Web page: http://www.cema.edu.ar/publicaciones/jae.html
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rudiger Dornbusch, 1981.
"Real Interest Rates, Home Goods, and Optimal External Borrowing,"
NBER Working Papers
0779, National Bureau of Economic Research, Inc.
- Dornbusch, Rudiger, 1983. "Real Interest Rates, Home Goods, and Optimal External Borrowing," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 141-53, February.
- Giancarlo Corsetti & Paolo Pesenti, 2001.
"Welfare And Macroeconomic Interdependence,"
The Quarterly Journal of Economics,
MIT Press, vol. 116(2), pages 421-445, May.
- Svensson, Lars E O & Razin, Assaf, 1983. "The Terms of Trade and the Current Account: The Harberger-Laursen-Metzler Effect," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 97-125, February.
- Frenkel, Jacob A & Razin, Assaf, 1986. "Fiscal Policies in the World Economy," Journal of Political Economy, University of Chicago Press, vol. 94(3), pages 564-94, June.
When requesting a correction, please mention this item's handle: RePEc:cem:jaecon:v:1:y:1998:n:1:p:165-177. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Valeria Dowding)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.