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A Theory of Optimum Currency Areas
- R. Mundell
- Economics
- 1961
It is patently obvious that periodic balance-of-payments crises will remain an integral feature of the international economic system as long as fixed exchange rates and rigid wage and price levels…
Inflation and Real Interest
- R. Mundell
- EconomicsJournal of Political Economy
- 1 June 1963
THE theory of interest under inflation needs further investigation. Irving Fisher's analysis, which concluded that the money rate of interest rises by the anticipated rate of inflation or falls by…
The Monetary Dynamics of International Adjustment under Fixed and Flexible Exchange Rates
- R. Mundell
- Economics
- 1 May 1960
I. Introduction, 227. — II. The static system, 229. — III. The dynamic systems, 233. — IV. The crucial role of capital movements, 237. — V. Foreign exchange reserves, 242. — VI. Speculation, 246. —…
The Appropriate Use of Monetary and Fiscal Policy for Internal and External Stability
- R. Mundell
- Art
- 1 March 1962
Cette A©tude traite des problA¨mes que pose la rA©alisation de la stabilitA© intA©rieure et de l'A©quilibre de la balance des paiements dans un pays qui estime inopportun de modifier le taux de…
American Economic Association A Theory of Optimum Currency Areas
- R. Mundell
- Economics
- 1961
It is patently obvious that periodic balance-of-payments crises will remain an integral feature of the international economic system as long as fixed exchange rates and rigid wage and price levels…
The Appropriate Use of Monetary and Fiscal Policy under Fixed Exchange Rates
- R. Mundell
- Economics
- 1968
This paper deals with the problem of achieving internal stability and balance-of-payments equilibrium in a country that considers it inadvisable to alter the exchange rate or to impose trade…
Flexible Exchange Rates And Employment Policy
- R. Mundell
- Economics
- 1961
The theory of employment that grew out of the Great Depression was not long in influencing government policy-makers and revolutionizing older concepts of fiscal policy. The most important of Keynes's…
The international disequilibrium system
- R. Mundell
- Economics
- 1961
SUMMARY
Most of the important generalizations of international trade theory that owe their origin to the classical school are long-run and static in nature, implicitly assuming that disequilibrium…
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