Abstract
The only adjustment mechanism of the hyper-keynesian scheme that follows is based on expansion and contraction of domestic production; adjustment via terms of trade, for example, is ignored.
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© 1986 M.L. Burstein
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Burstein, M.L. (1986). Some Theory of the Open Macroeconomy. In: Modern Monetary Theory. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-18070-7_10
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DOI: https://doi.org/10.1007/978-1-349-18070-7_10
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-18072-1
Online ISBN: 978-1-349-18070-7
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