Monetary Macjrodynamics Toichiro Asada, Carl Chiarella, Peter Flaschel and Reiner Franke with contributions by Amitava Dutt/Peter Skott and Christian Proano O Routledge j j j ^ Taylor & Francis Croup LONDON AND NEW YORK Contents General introduction ...

In this paper we investigate the closed-economy Keynes-Wicksell-Goodwin model of Chiarella and Flaschel (2000) for the case of two interacting open economies. We introduce these coupled two-country KWG dynamics on the extensive form level by means of a subdivision into nine modules describing...