Titlebook: Essays in Macroeconomics of an Open Economy; Franz Gehrels Book 1991 Springer-Verlag Berlin Heidelberg 1991 Growth.Inflation.Macroeconomic

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Investment Behavior in an Open Economy,besides the rate of interest. At least as important, we consider real investment behavior in three distinct sectors: the domestic, making non-tradables; the international, making exportables and importables; and the foreign sector, where investment in production facilities responds to policy measure

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The Market For Financial Assets And Monetary Policy,xed-interest securities of all maturities, as well as for equities, . for material assets. There are differences in the consequences of a given change in the stock of money, according as it is generated by a public deficit or surplus, an active or passive balance of payments, by open-market operatio

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Growth Once More: Income And Claims To Wealth,ies, equities, bank deposits, pension claims, and the like, as well as direct titles to real property; those created by the government in its role as spender, taxer and borrower; and those coming out of foreign investment. It will be shown that all of these can grow forever but that there is a funda