IDEAS home Printed from https://ideas.repec.org/a/mes/postke/v26y2004i4p679-694.html
   My bibliography  Save this article

Monetary policy and demand management for the small open economy in contemporary conditions with (perfectly) mobile capital

Author

Listed:
  • ERIC KAM
  • JOHN SMITHIN

Abstract

This paper provides a theoretical framework within which to examine issues of macroeconomic policy autonomy for the small open economy in an increasingly global international environment. We show that substantial policy leverage continues to exist provided that the jurisdictions concerned maintain separate monetary systems, which ensures that the condition of perfect asset substitutability will fail to apply.

Suggested Citation

  • Eric Kam & John Smithin, 2004. "Monetary policy and demand management for the small open economy in contemporary conditions with (perfectly) mobile capital," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 26(4), pages 679-694.
  • Handle: RePEc:mes:postke:v:26:y:2004:i:4:p:679-694
    DOI: 10.1080/01603477.2004.11051420
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/01603477.2004.11051420
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Porcile, Gabriel & de Souza, Alexandre Gomes & Viana, Ricardo, 2011. "External debt sustainability and policy rules in a small globalized economy," Structural Change and Economic Dynamics, Elsevier, vol. 22(3), pages 269-276, September.
    2. Eric Kam & John Smithin, 2012. "Capitalism in One Country? A Re-examination of Mercantilist Systems from the Financial Point of View," Chapters,in: Monetary Policy and Central Banking, chapter 3 Edward Elgar Publishing.
    3. Elisabetta Michetti, & Domenica Tropeano,, 2008. "Exchange rate policy and income distribution in an open developing economy," Working Papers 44-2008, Macerata University, Department of Finance and Economic Sciences, revised Nov 2008.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:postke:v:26:y:2004:i:4:p:679-694. 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: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/MPKE20 .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.