Browsing The Economic and Social Review, Vol. 11, No. 3, 1980 by Author "Murray, S"
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Macroeconomic policy in a small open-economy under flexible exchange-rates with bond financing of government deficits
Murray, S (Economic & Social StudiesDUBLIN, 1980)This paper presents a dynamic macroeconomic model of a small open economy (SOE) under flexible exchange rates in which the government offsets its budget imbalances by sales or purchases of its own bonds, the dynamics arising ...