Comment on R. N. Cooper, “Monetary Theory and Policy in an Open Economy”

  • Per Meinich


My impression is that Richard Cooper has given a very clear and good survey of questions concerning the effectiveness of various instruments of stabilization policy and the frequency and amplitudes of disturbances to macroeconomic stability in national economies under alternative exchange rate regimes. However, it might be argued that the paper raises more problems than it solves.


Exchange Rate Foreign Currency Exchange Rate Regime Flexible Exchange Rate International Reserve 
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Copyright information

© The Scandinavian Journal of Economics 1977

Authors and Affiliations

  • Per Meinich
    • 1
  1. 1.University of OsloOsloNorway

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