ID | 364435 |
Title Proper | The alternative use of monetary policy and exchange rate change for internal and external stability |
Other Title Information | Dept. of Economics, Univ. of Pittsburgh, Working Paper No. 32, January 1976 |
Language | ENG |
Author | Alphandery, Edmond |
Publication | Pittsburgh, Pennsylvania, Department of Economics, University of Pittsburgh, 1976. |
Description | Paperback Volume |
Series | Dept. of Economics, Univ. of Pittsburgh, Working Paper Series |
Summary / Abstract (Note) | In this paper, we cast doubts on the empirical relevance of Mundell's well known assignment of monetary and fiscal policy to restore full employment and balance of payments equilibrium. Applying Mundell's "Principles of effective market classification" (EMC), we show that there might exist cases where this traditional assignment has in fact to be reversed. |
Key Words | Monetary policy ; Exchange Rate ; R. A. Mundell |