Datta, Debabrata; Chatterjee, Susmita - In: South Asian Journal of Macroeconomics and Public Finance 2 (2013) 1, pp. 81-106
The article first looks at the working of an open economy under a situation of price flexibility in a static framework. This extends the Mundell–Fleming model and shows the effect of exchange rate movement in a richer perspective. The article then introduces the role of depreciation of...
