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Monetary Policy in an Inside-Money, Open Economy

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  • Donald J. Mathieson

Abstract

Tobin's banking system model, 83. — Opening the Tobin model, 86. — Foreign sector, 86. — Stationary-state, portfolio balance, 87. — Banking sector, 89. — High-powered money, 89. — Aggregate demand and supply, 90. — Government sector, 91. — Monetary policy, 93. — Fixed exchange rate: increase in required reserve ratio, 94. — Floating exchange rate, 97. — Conclusions, 99. — Appendix I: notation, 100. — Appendix II, 100.

Suggested Citation

  • Donald J. Mathieson, 1975. "Monetary Policy in an Inside-Money, Open Economy," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 89(1), pages 81-102.
    • Handle: RePEc:oup:qjecon:v:89:y:1975:i:1:p:81-102.
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    Cited by:

    1. David B. Johnson & Thomas R. Beard & Garyl. Carson, 1978. "Spatial Variations in Unemployment and Inflation: Some Implications for Fiscal Policy," Public Finance Review, , vol. 6(4), pages 455-472, October.
    2. Enders, Walter & Lapan, Harvey, 1976. "Portfolio Balance and the Assignment Problem in an Interdependent World," ISU General Staff Papers 197601010800001026, Iowa State University, Department of Economics.
    3. B. F. Hunt & T. J. Valentine, 1978. "The Interdependence of Monetary Policy and Capital Flows in Australia: A Comment," The Economic Record, The Economic Society of Australia, vol. 54(2), pages 281-285, August.

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