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Equilibrium, Quasi-Equilibrium, and Macroeconomic Policy under Fixed Exchange Rates

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  • Alexander K. Swoboda

Abstract

I. Introduction, 162. — II. Full and quasi-equilibrium points, 163. — III. Comparative statics of full equilibrium positions, 164. — IV. Comparative statics of quasi-equilibrium positions, 169. — V. Conclusions, 171.

Suggested Citation

  • Alexander K. Swoboda, 1972. "Equilibrium, Quasi-Equilibrium, and Macroeconomic Policy under Fixed Exchange Rates," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 86(1), pages 162-171.
    • Handle: RePEc:oup:qjecon:v:86:y:1972:i:1:p:162-171.
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    Cited by:

    1. Boyer, Russell S., 2009. "Reflections on Milton Friedman's contributions to open economy money/macro," Journal of International Money and Finance, Elsevier, vol. 28(7), pages 1097-1116, November.
    2. Chun-Yan Wang & Leonard Wang, 1985. "Currency devaluation and the Cooper paradox in the open-economy macro-disequilibrium model," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 121(4), pages 628-637, December.
    3. Frenkel, Jacob A. & Mussa, Michael L., 1985. "Asset markets, exchange rates and the balance of payments," Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 2, chapter 14, pages 679-747, Elsevier.
    4. Agnieszka Domańska, 2013. "References to the Mundell-Fleming Model Found in New Models and the Evolution of Approaches in Analyzing the International Effects of Macroeconomic Policy," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 32.
    5. Mr. James M. Boughton, 2002. "On the Origins of the Fleming-Mundell Model," IMF Working Papers 2002/107, International Monetary Fund.
    6. James M. Boughton, 2003. "On the Origins of the Fleming-Mundell Model," IMF Staff Papers, Palgrave Macmillan, vol. 50(1), pages 1-1.
    7. Akira Takayama & Richard K. Anderson, 1978. "Devaluation, Capital Mobility, and Long‐Run Equilibrium," The Economic Record, The Economic Society of Australia, vol. 54(3), pages 354-368, December.
    8. Chang, Juin-Jen & Lai, Ching-Chong & Chang, Wen-Ya, 1999. "The Mundell proposition with efficient wage-employment bargaining," Journal of Macroeconomics, Elsevier, vol. 21(4), pages 765-784.
    9. Boyer, Russell S., 2004. "Rethinking the role of NCBs in the EMU," Journal of International Money and Finance, Elsevier, vol. 23(7-8), pages 977-996.

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