MODEL OF THE BALANCE OF PAYMENTS

被引：4

作者：

FAIR, RC

机构：

[1] Yale University, New Haven

来源：

JOURNAL OF INTERNATIONAL ECONOMICS | 1979年 / 9卷 / 01期

关键词：

D O I：

10.1016/0022-1996(79)90046-1

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

A model of the balance of payments is presented in this paper in which stock and flow effects are completely integrated. The model accounts for all flows of funds in the system and allows for the endogenous determination of the exchange rate. The model is first outlined in general terms and then a particular 'quasi-empirical' version of it is analyzed by means of simulation techniques. The results of analyzing this version show the likely importance of accounting for capital flows and price linkages among countries in the construction of multicountry econometric models. © 1979.

引用

页码：25 / 46

页数：22

共 14 条

[1]

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[2]

[Anonymous], 1968, INT EC

[3]

BALL RJ, 1973, INT LINKAGE NATIONAL

[4]

BLACK SW, 1973, 42 STUD INT FIN

[5]

Branson William H., 1974, INT ASPECTS STABILIZ, P27

[6]

DORNBUSCH R, 1976, RECENT ISSUES INT MO, P261

[7] SENSITIVITY OF FISCAL-POLICY EFFECTS TO ASSUMPTIONS ABOUT BEHAVIOR OF FEDERAL-RESERVE [J].

FAIR, RC .

ECONOMETRICA, 1978, 46 (05) :1165-1179

[8]

FAIR RC, 1974, MODEL MACROECONOMIC, V1

[9]

FAIR RC, 1976, MODEL MACROECONOMIC, V2

[10]

Frenkel J., 1976, MONETARY APPROACH BA

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