World Economy Macroeconomics

Harland Wm., Jr. Whitmore
Publisher: M. E. Sharpe Inc | 1996 | 374 pages | 2.6 MB

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This text develops a complex open economy macro-model of the world economy that synthesizes the new Keynesian and new classical approaches to constructing aggregate models. It extends the two approaches by offering a more general international and intertemporal transmission mechanism.