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The Balance of Payments

  • J. Harvey
  • M. Johnson

Abstract

So far we have considered only a closed economy. This has enabled us to concentrate on the problem of securing a full employment equilibrium level of income by simply adjusting demand for internally-produced goods and services. International economic repercussions of such a policy have been ignored. Chapters 16–18 relax the assumption of a closed economy and should be treated as a block.

Keywords

Exchange Rate Foreign Currency Full Employment Foreign Exchange Market Closed Economy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© J. Harvey and Janet Johnson 1973

Authors and Affiliations

  • J. Harvey
    • 1
  • M. Johnson
    • 2
  1. 1.University of ReadingUK
  2. 2.Hatfield PolytechnicUK

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