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Brief Survey of the Literature

  • Michael Carlberg
Part of the Contributions to Economics book series (CE)

Abstract

As a starting point take the classic papers by Fleming (1962) and Mundell (1963, 1964, 1968). They discuss monetary and fiscal policy in an open economy characterized by perfect capital mobility. The exchange rate can either be flexible or fixed. They consider both the small open economy and the world economy made up of two large countries.

Keywords

Exchange Rate Fiscal Policy Monetary Union Currency Area Small Open 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

© Physica-Verlag Heidelberg 1999

Authors and Affiliations

  • Michael Carlberg
    • 1
  1. 1.Department of EconomicsFederal UniversityHamburgGermany

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