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Macroeconomics of Stagflation under Flexible Exchange Rates

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  • Pentti J.K. Kouri

Abstract

The concerns of macroeconomic policy in the industrial countries in recent years have shifted the focus of open-economy macroeconomics to new and interesting problems. Although no synthesis, or a fully coherent theory of policy, has yet emerged from this research, the results have already led to major revisions in views abut the nature of the problems that policy has to deal with. This paper provides a selective survey and discussion of some of the results of recent research with emphasis on their implications for policy.

Suggested Citation

  • Pentti J.K. Kouri, 1982. "Macroeconomics of Stagflation under Flexible Exchange Rates," NBER Working Papers 0868, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:0868
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    1. Willem H. Buiter & Douglas D. Purvis, 1980. "Oil, Disinflation, and Export Competitiveness: A Model of the "Dutch Disease"," NBER Working Papers 0592, National Bureau of Economic Research, Inc.
    2. Michael Bruno, 1980. "Import Competition and Macro Economic Adjustment under Wage-Price Rigidity," NBER Working Papers 0522, National Bureau of Economic Research, Inc.
    3. Kouri, Pentti J.K., 1981. "Macroeconomic Adjustment to Interest Rate Disturbances: Real and Monetary Aspects," Working Papers 81-17, C.V. Starr Center for Applied Economics, New York University.
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    Cited by:

    1. Mika Vaihekoski, 2011. "History of financial research and education in Finland," The European Journal of Finance, Taylor & Francis Journals, vol. 17(5-6), pages 339-354.
    2. repec:hhs:bofrdp:2008_018 is not listed on IDEAS
    3. repec:zbw:bofrdp:2008_018 is not listed on IDEAS
    4. Vaihekoski, Mika, 2008. "History of finance research and education in Finland : the first thirty years," Research Discussion Papers 18/2008, Bank of Finland.

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