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ID364414
Title ProperMonetary policy and the balance of payments in Brazil and Chile
Other Title InformationDept. of Economics, Univ. of Pittsburgh, Working Paper No. 5, Revised, July 1975
LanguageENG
AuthorMiller, Norman C.
Summary / Abstract (Note)In this paper we examine the degree to which the balance of payments of two small, relatively open economies influences the ability of the monetary authorities to control their money supply. More specifically we investigate the extent to which variations in the domestic component of the monetary base are offset via international payments imbalances.
`In' analytical NoteIn Gruver, Gene W. & Thorn, Richard S.: The optimal rate of depletion of an exhaustible natural resource for a small country. [Dept. of Economics, Univ. of Pittsburgh, Working Paper No. 1, August 1974] Pittsburgh, Pennsylvania. Department of Economics, University of Pittsburgh, 1974.
Key WordsBalance of Payments - Brazil ;  Balance of Payments - Chile ;  Monetary Policy - Brazil ;  Monetary Policy - Chile