Browsing The Economic and Social Review, Vol. 12, No. 1, 1980 by Author "Thom, Dr"
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A portfolio balance approach to monetary and fiscal-policies in a small open-economy
Thom, Dr (Economic & Social StudiesDUBLIN, 1980)Monetary and fiscal policies are examined in a steady-state small open economy model. Complete price taking behaviour implies that domestic output is supply determined and invariant to domestic shocks. Balanced budget ...