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Graf, G. Flexible Wechselkurse, keynesianische Modelle und terms of trade-Effekte. Ein weiterer Kommentar nicht nur zu Roth. Journal of Contextual Economics – Schmollers Jahrbuch, 99(3), 355-370. https://doi.org/10.3790/schm.99.3.355
Graf, Gerhard "Flexible Wechselkurse, keynesianische Modelle und terms of trade-Effekte. Ein weiterer Kommentar nicht nur zu Roth" Journal of Contextual Economics – Schmollers Jahrbuch 99.3, 1979, 355-370. https://doi.org/10.3790/schm.99.3.355
Graf, Gerhard (1979): Flexible Wechselkurse, keynesianische Modelle und terms of trade-Effekte. Ein weiterer Kommentar nicht nur zu Roth, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 99, iss. 3, 355-370, [online] https://doi.org/10.3790/schm.99.3.355

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Flexible Wechselkurse, keynesianische Modelle und terms of trade-Effekte. Ein weiterer Kommentar nicht nur zu Roth

Graf, Gerhard

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 99 (1979), Iss. 3 : pp. 355–370

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Graf, Gerhard

Abstract

Both in the models of open economies of Laursen and Metzler and Sohmen changes in the foreign exchange rate cause terms of trade-effects that again entail reactions of the level of income in the economy under consideration. The different effects are laid down and their respective importance is evaluated. In addition, it is investigated whether the models do contain those effects or, by neglecting them, might lead to serious misinterpretations. On that basis I reply to some critical comments as to my former treatment of the subject.