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...

In the first part of this book, we treat interacting and small open economies. We do this from an historical perspective, starting from the Classical model of the gold standard and the specie-flow mechanism and aim to show there that the Dornbusch IS-LM-PC approach, with or without rational...