Unanticipated money,output, and prices in the small economy |
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| Authors: | W Michael Cox Halbert White |
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| Institution: | University of Rochester, Rochester, NY 14627, USA |
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| Abstract: | A macroeconomic model for an open economy experiencing both domestic and international monetary disturbances is given. Expectations are assumed to be rational. Particular attention is focused on the reduced form coefficients for unanticipated domestic and foreign monetary disturbances under alternative exchange rate regimes. |
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