Bhagwati, Jagdish N; Brecher, Richard A; Hatta, Tatsuo - In: American Economic Review 77 (1987) 1, pp. 124-32
This paper generalizes the Global Correspondence Principle by extending, in two major ways, Samuelson's_(1971) analysis of the exchange-rate response to an international purchasing-power transfer. First, the authors analyze the price effect of a shift in anyparameter, not necessarily a transfer....
