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Abstract

This chapter surveys some contributions to the theory of exchange rate determination which follow the so called macroeconomic approach1 (MAC) in order to provide the theoretical background for the policy experiments to be presented in later chapters.

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© 1993 Patrizio Tirelli

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Tirelli, P. (1993). Open Economy Models: The Macroeconomic Approach. In: Monetary and Fiscal Policy, the Exchange Rate and Foreign Wealth. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22605-4_2

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