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...

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Bibliographic Details

Published in:	American Economic Review Vol. 68; no. 4; pp. 659 - 671
Main Author:	Kuska, Edward A.
Format:	Article
Published:	American Economic Association Sep78
Subjects:	Keynesian economics Balance of payments Foreign exchange rates Economic models Money market Economic policy
Online Access:	View this record in EBSCOhost