Introduction, 515. — Constant exchange rates, 518. — Flexible exchange rates, 519. — Comparison of the relative effectiveness of fiscal and monetary policies, 520. — An alternative definition of fiscal policy, 523.

Journal Article The Effect of Devaluation on the Price Level: Reply Get access Egon Sohmen Egon Sohmen Yale University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 72, Issue 4, November 1958, Pages 626–632, https://doi.org/10.2307/1884343 Published: 01 November 1958

I. Argument that depreciation of an overvalued currency must entail a rise in the domestic price level, 273. — II. Examination of this argument, 277. — III. Differences between various restrictive policies, 281.