ISSN:
1572-9982
Quelle:
Springer Online Journal Archives 1860-2000
Thema:
Wirtschaftswissenschaften
Notizen:
Summary In this article an amended vesion of the traditionalIS/LM-model for an open economy is developed. TheLM-curve is replace by anFM-curve, which represents equilibrium between the demand for and supply of money and bonds. The banks passively satisfy the wishes of the public as to the composition of its portfolio of money and bonds, creating or destroying money in the process. It turns out that not much is left of the well-orderedIS/LM world.
Materialart:
Digitale Medien
URL:
http://dx.doi.org/10.1007/BF02371685
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