Exchange rates, monetary policy and wages: A case study of Chile
This paper analyses, using a comparative-static general equilibrium model built along neoclassical lines, a range of devaluation, monetary and wage policy mixes for the Chilean economy. By quantifying the short-run implications of each policy mix for key economic variables at the macroeconomic and sectoral level it enables judgements to be made about their effectiveness in reaching specified targets and their feasibility.
|Date of creation:||1983|
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- Johnson, Harry G, 1977. "The Monetary Approach to Balance of Payments Theory and Policy: Explanation and Policy Implications," Economica, London School of Economics and Political Science, vol. 44(175), pages 217-29, August.
- Dick, Hermann & Gerken, Egbert & Mayer, Thomas & Vincent, David P., 1982. "Stabilisation strategies in primary commodity exporting countries: A case study of Chile," Kiel Working Papers 144, Kiel Institute for the World Economy (IfW).
- Johnson, Harry G., 1977. "The monetary approach to the balance of payments : A nontechnical guide," Journal of International Economics, Elsevier, vol. 7(3), pages 251-268, August.
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