A MODEL OF THE INFLATION CYCLE IN A SMALL OPEN ECONOMY: 1. Introduction

IT is a fairly well-known proposition that a small open economy has very little freedom in its choice of an appropriate point on its long-run 'inflationunemployment' trade-off curve under fixed exchange rates. Indeed, in the extreme case, the equilibrium rate of money wage inflation and th...

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Veröffentlicht in:	Oxford economic papers 1973-07, Vol.25 (2), p.192
1. Verfasser:	Scarfe, B L
Format:	Artikel
Sprache:	eng
Schlagworte:	Commodities Costs Economic conditions Fixed exchange rates Foreign exchange rates Inflation Phillips curve Prices Productivity Profit margins Unemployment
Online-Zugang:	Volltext
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