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

  • Stanley W. Black

Abstract

Since Professor Meinich has given us such a good summary of Dick Cooper’s paper, I will confine myself to making several points that either were omitted in the paper or that I think require some further discussion and clarification. Let me say in the beginning that the paper is a very useful introduction to one of the basic problems with which this Conference is dealing: the theoretical analysis of macro-economic behavior under flexible exchange rates. My critical remarks are intended mainly to sharpen Cooper’s discussion of the analytical questions.

Keywords

Exchange Rate Monetary Policy Current Account Money Supply Money Demand 
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

© The Scandinavian Journal of Economics 1977

Authors and Affiliations

  • Stanley W. Black
    • 1
    • 2
  1. 1.Vanderbilt UniversityNashvilleUSA
  2. 2.Institute for International Economic StudiesStockholmSweden

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