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Comment on R. N. Cooper, “Monetary Theory and Policy in an Open Economy”

In: Flexible Exchange Rates and Stabilization Policy

Author

Listed:
  • Stanley W. Black

    (Vanderbilt University
    Institute for International Economic Studies)

Abstract

Since Professor Meinich has given us such a good summary of Dick Cooper’s paper, I will confine myself to making several points that either were omitted in the paper or that I think require some further discussion and clarification. Let me say in the beginning that the paper is a very useful introduction to one of the basic problems with which this Conference is dealing: the theoretical analysis of macro-economic behavior under flexible exchange rates. My critical remarks are intended mainly to sharpen Cooper’s discussion of the analytical questions.

Suggested Citation

  • Stanley W. Black, 1977. "Comment on R. N. Cooper, “Monetary Theory and Policy in an Open Economy”," Palgrave Macmillan Books, in: Jan Herin & Assar Lindbeck & Johan Myhrman (ed.), Flexible Exchange Rates and Stabilization Policy, pages 34-36, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-03359-1_4
    DOI: 10.1007/978-1-349-03359-1_4
    as

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