Title: The Trade Balance in Monetary General Equilibrium (Routledge Library Editions: Monetary Economics)
Publisher: Routledge
Publication Date: 2018
Language: English
ISBN 10: 1138633518
ISBN 13: 9781138633513
Binding: Soft cover
Condition: New

About this title

Synopsis

This title, first published in 1984, is a contribution to applied international trade theory. The author explores the specification and estimation of a multisector general equilibrium model of the open economy. The model is formulated with the aim of assessing empirically the effects of three key policy variables on trade flows, domestic prices, and the trade balance. The policy variables with which the author is concerned are the rate of growth of the stock of domestic credit, commercial policy, as represented by tariffs, and, finally, the exchange rate. This title will be of interest to students of economics.

About the Author

Kenneth W. Clements

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