Browsing The Economic and Social Review, Vol. 12, No. 1, 1980 by Author "Murray, S"
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Macroeconomic policy in a small open-economy when government budget deficits are financed by printing money
Murray, S (Economic & Social StudiesDUBLIN, 1980)This paper presents a dynamic macroeconomic model of a small open economy (SOE) in which government budget deficits are financed by printing money, the dynamics arising from a stock-adjustment approach to capital movements ...