Romelli, Davide; Terra, Cristina; Vasconcelos, Enrico - Théorie Économique, Modélisation, Application … - 2014
In the transfer problem debate with Keynes, Ohlin suggests that income eects should lessen relative price variations necessary to pro- duce trade surpluses, and that that impact is related to the degree of openness of the economy. We illustrate this mechanism in a sim- ple model, and take it to...