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The Open Economy : Implications for Monetary and Fiscal Policy

Dornbusch, Rudiger - 1984

rest of the world. In this paper we show how the standard closed-economy macroeconomic model -- the Phillips curve … augmented IS-LM analysis -- has to be modified for the United States to take account of the economy's international interactions … effects are in practice significantly large for the United States economy …

Persistent link: https://www.econbiz.de/10012477667

The Economy of Israel

Fischer, Stanley - 1983

The paper opens with a description of the salient features of the Israeli economy. These consist of a large government … indexation of both wages and long term financial commitments. A descriptive model of the economy is then presented, which … includes the particular asset menu of the Israeli economy, and its properties examined. Finally,the rrodel is used in analyzing …

Persistent link: https://www.econbiz.de/10012477909

Monetary Policy and Performance in the U.S., Japan and Europe, 1973-86

Fischer, Stanley - 1987

Monetary policies in the U.S., Japan, Germany and the United Kingdom over the period 1973-1986 are compared and evaluated, with the aim of drawing lessons for monetary policy from the recent historical record. All four countries shifted during this period to money targeting, though with...

Persistent link: https://www.econbiz.de/10012476592

The Transition Economies After Ten Years

Fischer, Stanley - 2000

While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many...

Persistent link: https://www.econbiz.de/10012471103

Growth, Macroeconomics, and Development

Fischer, Stanley - 1991

The 1980s were both the lost decade of growth for much of Latin America and Africa, and the period in which -- through the new growth theory -- macroeconomists returned to the study of growth and development. The new growth theory is production function driven and concerned primarily with steady...

Persistent link: https://www.econbiz.de/10012475304