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THE KEYNESIAN MULTIPLIER WITH INTEREST RATE, REDISTRIBUTION AND REAL BALANCE EFFECTS

✍ Scribed by A. P. THIRLWALL


Book ID
115232302
Publisher
John Wiley and Sons
Year
2009
Tongue
English
Weight
111 KB
Volume
36
Category
Article
ISSN
0140-5543

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## Abstract A typical finding in the empirical literature is that import and export demand elasticities are rather low, and that the Marshall–Lerner (ML) condition does not hold. However, despite the evidence against the ML condition, the consensus is that real devaluations do improve the balance o