Flexible Money Wages

  • Michael Carlberg


Consider for example an increase in European money supply. Then what will be the effect on the price of European goods, and what on the price of American goods? Alternatively consider an increase in European investment, in European labour supply, or in European productivity.


Exchange Rate Labour Supply Percent Increase Endogenous Variable Percent Decrease 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2001

Authors and Affiliations

  • Michael Carlberg
    • 1
  1. 1.Department of EconomicsFederal University of HamburgHamburgGermany

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