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Is There a Macroeconomic World of One Simple Model?: Reply

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  • W. E. NORTON
  • ROBIN McDONALD

Abstract

Two questions arise from the note by Hughes: is there a choice for policy in the short term between more production and less inflation and can special factors, such as institutional arrangements for the fixing of wages, have an influence on outcomes for inflation? We will take these questions in turn.

Suggested Citation

  • W. E. NORTON & ROBIN McDONALD, 1984. "Is There a Macroeconomic World of One Simple Model?: Reply," The Economic Record, The Economic Society of Australia, vol. 60(2), pages 190-191, June.
    • Handle: RePEc:bla:ecorec:v:60:y:1984:i:2:p:190-191
    DOI: 10.1111/j.1475-4932.1984.tb00853.x
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    1. repec:bla:ecorec:v:57:y:1981:i:157:p:150-67 is not listed on IDEAS
    2. P. D. Jonson & R. G. Trevor, 1981. "Monetary Rules:A Preliminary Analysis," The Economic Record, The Economic Society of Australia, vol. 57(2), pages 150-167, June.
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