On the Almost Total Inadequacy of Keynesian Balance-of-Payments Theory.
The article criticizes various models in the Keynesian balance-of-payments under the assumption of fixed exchange rates. It asserts that almost all of the models in the Keynesian balance-of-payments literature suffer from internal contradictions and deficiencies which make them unsuitable for the th...
| Published in: | American Economic Review Vol. 68; no. 4; pp. 659 - 671 |
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| Format: | Article |
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American Economic Association
Sep78
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| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4511344&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4511344 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00028282 AER jtl: American Economic Review issn: 00028282 maglogo: N pubinfo: dt: Sep78 vid: 68 iid: 4 pid: 22 pub: American Economic Association artinfo: ui: 4511344 ppf: 659 ppct: 12 formats: tig: atl: On the Almost Total Inadequacy of Keynesian Balance-of-Payments Theory. aug: au: Kuska, Edward A. affil: Lecturer, London School of Economics su: Keynesian economics Balance of payments Foreign exchange rates Economic models Money market Economic policy sug: subj: Keynesian economics Balance of payments Foreign exchange rates Economic models Money market Economic policy ab: The article criticizes various models in the Keynesian balance-of-payments under the assumption of fixed exchange rates. It asserts that almost all of the models in the Keynesian balance-of-payments literature suffer from internal contradictions and deficiencies which make them unsuitable for the theory of balance-of-payments. Even a double Keynesian closed economy equations do not provide an appropriate description of the international economy. And because of this, careful attention must be given to portraying the money markets than is usually the case, and assets must be included in the various demand functions in any acceptable analysis. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1978 holdings: @attributes: islocal: N |
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