Structuralist macroeconomics: applicable models for the Third World
Basic Books, 1983 - 234 Seiten
The structuralist perspective; Adjustment mechanisms - the real side; Adjustment mechanisms - two sector models; Short-run adjustment in practice; Money and other assets in the short run; Money, inflation, and growth; Trade balance complications; Foreign assets and the balance of payments; Two sector models of inflation, distribution and growth; Trade patterns and southern growth; Policy lessons.
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Adjustment MechanismsThe Real Side
Adjustment MechanismsTwoSector Models
ShortRun Adjustment in Practice
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aggregate demand agricultural assumed assumption balance of payments banking system capacity utilization capital inflows capital stock growth changes chapter commodity market comparative static consumer consumption crawling peg deposit rate determined devaluation diagram discussed economy effects elasticity equations excess demand functions Export Response external balance fall figure fixed food price forced saving foreign exchange gold higher income distribution indexing India Model inflation rate inflationary inputs interest rate intermediate imports internal investment demand Jacobian labor loan market loans to firms lower macro equilibrium macroeconomic markup rate matrix monetary contraction money supply money wage N-sector negative neoclassical nominal nonagricultural North output output-capital ratio parameters price level price-wage ratio production profit rate real exchange rate real wage reduce rise saving supply sector share shift short run shows slower crawl South stability stagflation steady steady-state structuralist subsidies terms of trade tion trade deficit Wijnbergen working-capital costs zero