The Balance of Payments in a Monetary Economy (eBook)

John F. Kyle (Autor)

eBook Download: PDF

2015
210 Seiten
Princeton University Press (Verlag)
978-1-4008-6994-7 (ISBN)

Infos

How can relative price and income approaches be reconciled with balance of payments analysis? John F. Kyle argues that a model is required which explicity includes a production sector and a complete monetary sectory.The author demonstrates the inadequacy of the traditional method of extending macroeconomic models to deal with trade problems and proceeds to develop a properly specified open economy model adequate to the task. After extending the model to look at additional issues, he relates the principal results obtained in a macroeconomic setting to those produced using a Hahn-type monetary approach. The Hahn model is extended to incorporate an alternative financial asset and to allow for unemployment in the economy. His theory of the balance of payments takes into account both important monetary and aggregate demand features of macroeconomics and the relative prices and interdependencies of general equilibrium theory.Originally published in 1976.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Produkt-Details

• Erscheint lt. Verlag: 8.3.2015
• Reihe/Serie: Irving Fisher Award Series
• Reihe/Serie: Irving Fisher Award Series
• Reihe/Serie: Princeton Legacy Library
• Reihe/Serie: Princeton Legacy Library
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Schlagworte: Accounting identity • aggregate demand • Aggregate expenditure • aggregate supply • Balance of Payments • balance of trade • Behavioral Economics • budget constraint • Change In Supply • Commodity • Consumption function • Currency • Current Account • debt service • Demand curve • Demand For Labor • Demand for money • Devaluation • Economic equilibrium • Economics • economy • efficient-market hypothesis • Excess demand function • exchange economy • Exchange Rate • Expenditure function • Factors of Production • Fiat Money • Financial asset • Financial Services • Fiscal Policy • Fixed exchange-rate system • Foreign Exchange Market • foreign exchange reserves • Foundations of Economic Analysis • General Equilibrium Theory • Good (economics) • Government bond • government spending • income • Income Approach • Income–consumption curve • Income elasticity of demand • Inside money • Interest Rate • International Monetary Fund • Investment • Investment function • Investment goods • IS–LM model • Keynesian Economics • labor demand • Liquidity preference • Liquidity preference (venture capital) • liquidity trap • Long run and short run • Macroeconomic model • Macroeconomics • Marginal product • Marginal product of labor • Market Economy • market liquidity • Marshall–Lerner condition • Measures of national income and output • Microeconomics • Monetarism • monetary authority • monetary policy • Money illusion • money market • Money Supply • Payment • Payment System • price change • Price elasticity of demand • Price elasticity of supply • Price Fixing • Price index • price level • Production Function • Production–possibility frontier • Profit Maximization • Public Finance • Quantity theory of money • Real Income • Real versus nominal value (economics) • real wages • Relative price • Stock and flow • Supply and Demand • Supply (economics) • Tax • The Economic Journal • The Wealth Effect • Unit of account • Valuation analysis • Valuation (finance) • Value (economics) • wealth effect • World Economy
• ISBN-10: 1-4008-6994-3 / 1400869943
• ISBN-13: 978-1-4008-6994-7 / 9781400869947