Nontraded Goods and Macroeconomic Policy Under a Fixed Exchange Rate*

1 August 1977

journal article
Published by Oxford University Press (OUP) in The Quarterly Journal of Economics

Vol. 91 (3) , 469-480
https://doi.org/10.2307/1885978

Abstract

I. Introduction, 469—II. The analytical framework, 469.—III. Fiscal policy, 473.—IV. Exchange rate adjustments, 475.—V. Summary, 478.—Appendix A: Proof of Proposition 1,479.—Appendix B: Proof of Proposition 2,480.

Keywords

FISCAL POLICY
NONTRADED GOODS
MACROECONOMIC POLICY
ANALYTICAL FRAMEWORK
III
FIXED EXCHANGE
RATE ADJUSTMENTS

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