休谟开放经济货币动力学的当代相关性

The Present Relevance of Hume's Open-Economy Monetary Dynamics

Economic Journal · 1995
被引 12
人大 AABS 4

中文导读

通过开放经济分析框架,对比了休谟货币理论中关于产出与货币动力学的不同解释,填补了现有文献对休谟开放经济产出动力学建模的空白。

Abstract

Hume's monetary economics has remained a source of sustained controversy; rival interpretations situate his work at the fountainhead of the quantity theory of money, the monetary approach to the balance of payments, and the post-Keynesian analysis of inflation. Recent contributions to the literature have explicitly modelled several aspects of his monetary writings, but have not placed his controversial discussion of output and monetary dynamics within an open economy analysis. This paper does so and contrasts rival specifications and interpretations of Humean open-economy output dynamics.

休谟开放经济货币动态产出动态