Quarterly Journal of Economics Vol. 90 No. 3 1976
The Dual Roles of the Government Budget and the Balance of Payments in the Movement From Short-Run to Long-Run Equilibrium
Abstract
I. Introduction and background, 346.—II. A two-asset model with trade, 349.—III. Instantaneous equilibrium with a flexible exchange rate, 355.—IV. Stock equilibrium with a flexible exchange rate, 357.—V. Monetary and fiscal policy reconsidered, 361.—VI. Stock equilibrium with a fixed exchange rate, 364.—Appendix: Determinant condition for stock equilibrium, 366.
- DOI
- 10.2307/1886038
- Volume
- 90
- Issue
- 3
- Pages
- 345
- Sources
- openalex crossref