Branson, William H.; Aghevli, Bijan B.; Komiya, Ryutaro - In: IMF Staff Papers 30 (1983) 1, pp. 39-74
The traditional macroeconomics of the period since World War II, as well as the more recent rational expectation and neo-Keynesian approaches, analyze one-commodity economies. The international version of this model, in its simplified extreme, is the monetary model of the balance of payments or,...