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Yannacopoulos, N. The Positively Sloped IS Curve and the Balance of Payments: An Extension of Cebula’s Model. Credit and Capital Markets – Kredit und Kapital, 15(2), 275-279. https://doi.org/10.3790/ccm.15.2.275
Yannacopoulos, Nicos A. "The Positively Sloped IS Curve and the Balance of Payments: An Extension of Cebula’s Model" Credit and Capital Markets – Kredit und Kapital 15.2, 1982, 275-279. https://doi.org/10.3790/ccm.15.2.275
Yannacopoulos, Nicos A. (1982): The Positively Sloped IS Curve and the Balance of Payments: An Extension of Cebula’s Model, in: Credit and Capital Markets – Kredit und Kapital, vol. 15, iss. 2, 275-279, [online] https://doi.org/10.3790/ccm.15.2.275

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The Positively Sloped IS Curve and the Balance of Payments: An Extension of Cebula’s Model

Yannacopoulos, Nicos A.

Credit and Capital Markets – Kredit und Kapital, Vol. 15 (1982), Iss. 2 : pp. 275–279

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Article Details

Yannacopoulos, Nicos A.

References

  1. Paul Barrows (1974): “The upward sloping IS curve and the control of income and the balance of payments”. The Journal of Finance.  Google Scholar
  2. Richard J. Cebula (1976): “A brief note on economic policy effectiveness” Southern Economic Journal.  Google Scholar
  3. William L. Silber (1971): “Monetary policy effectiveness: the case of a positively sloped IS curve”. The Journal of Finance.  Google Scholar
  4. George Tavlas (1980): “Economic policy effectiveness in Hicksian analysis: an extension” Kredit und Kapital.  Google Scholar
  5. Warren Weber (1970): “The effects of interest rates on aggregate consumption” American Economic Review.  Google Scholar
  6. George Yarrow (1975): “Growth maximisation and the firm’s investment function” Southern Economic Journal.  Google Scholar

Abstract

The Positively Sloped IS-Curve and the Balance of Payments: An Extension of Cebula’s Model

This paper deals with the effects of monetary and fiscal policy on the balance of payments within the framework of Cebula’s model, under a fixed exchange rate regime, and compares them with the results obtained by Barrows for the Silber-Barrows model. It is found that the different assumptions on which Cebula’s and Silber- Barrows model are based affect only the conditions under which an expansionary monetary policy affects the balance of payments. The conditions for the effects of the fiscal policy remain the same in both models,