Monetary policy and demand management for the small open economy in contemporary conditions with (perfectly) mobile capital

Journal of Post Keynesian Economics

Volumn 26, Issue 4, 2004, Pages 679-694

  Kam, Eric ^a   Smithin, John ^b  

^a RYERSON UNIVERSITY   (Canada)

^b YORK UNIVERSITY   (Canada)

Author keywords

Exchange rates; Globalization; Interest rates; Macroeconomic policy

Indexed keywords

EID: 3142724758     PISSN: 01603477     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Review

References (23)

1. Burstein, M.L. "Classical Macroeconomics for the Next Century." York University, Toronto, 1995.
2. Dow, S.C. "International Liquidity Preference and Endogenous Credit." In J. Deprez and J.T. Harvey (eds.), Foundations of International Economics: Post Keynesian Perspectives. London: Routledge, 1999, pp. 9-34.
3. Eatwell, J. "International Capital Liberalization: The Record." CEPA Working Paper No. 1, New School for Social Research, New York, 1996.
4. Frankel, J. "International Capital Mobility: A Review." American Economic Review, May 1992, 82, 197-202.
5. Kaldor, N. The Scourge of Monetarism. Oxford: Oxford University Press, 1986.
6. Lavoie, M. Foundations of Post-Keynesian Economic Analysis. Aldershot, UK: Edward Elgar, 1992.
7. _. "A Post Keynesian View of Interest Parity Theorems." Journal of Post Keynesian Economics, Fall 2000, 23 (1), 163-179.
8. _. "Interest Parity, Risk Premia, and Post Keynesian Analysis: A Rejoinder." Journal of Post Keynesian Economics, Winter 2002-3, 25 (2), 237-249.
9. MacKinnon, K.T., and Smithin, J. "An Interest Rate Peg, Inflation and Output." Journal of Macroeconomics, Fall 1993, 15 (4), 769-785.
10. Marterbauer, M. "Economic Growth and Unemployment in Europe: Old Questions, Some New Answers." York University, Toronto, 2000.
11. Moore, B.M. Horizontalists and Verticalists: The Macroeconomics of Credit Money, Cambridge: Cambridge University Press, 1988.
12. Nell, E.J. The General Theory of Transformational Growth: Keynes After Sraffa. Cambridge: Cambridge University Press, 1998.
13. Paraskevopoulos, C.C.; Paschakis, J.; and Smithin, J. "Is Monetary Sovereignty an Option for the Small Open Economy?" North American Journal of Economics and Finance, Spring 1996, 7(1), 5-18.
14. Paschakis, J. "Real Interest Rate Control and the Choice of an Exchange Rate System." Ph.D. dissertation, York University, 1993.
15. Paschakis, J., and Smithin, J. "Exchange Risk and the Supply Side Effect of Real Exchange Rate Changes." Journal of Macroeconomics, Fall 1998, 20 (4), 703-720.
16. Smith, A. An Inquiry into the Nature and Causes of the Wealth of Nations. Indianapolis: Liberty Press, 1776.
17. Smithin, J. "An Alternative Monetary Model of Inflation and Growth." Review of Political Economy, October 1997, 9 (4), 395-407.
18. _. "Money and National Sovereignty in the Global Economy." Eastern Economic Journal, Winter 1999, 25 (1), 49-61.
19. _. "Monetary Autonomy and Financial Integration." In L.P. Rochon and M. Vernengo (eds.), Credit, Interest Rates and the Open Economy: Essays on Horizontalism. Cheltenham, UK: Edward Elgar, 2001a, pp. 243-255.
20. _. "Profit: The Rate of Interest, and 'Entrepreneurship' in Contemporary Capitalism." Kurswechsel, 2001b, 2 (1), 89-99.
21. _. "Interest Parity, Purchasing Power Parity, 'Risk Premia,' and Post Keynesian Economic Analysis." Journal of Post Keynesian Economics, Winter 2002-3, 25 (2), 219-235.
22. _. Controversies in Monetary Economics: Revised Edition. Cheltenham, UK: Edward Elgar, 2003.
23. Smithin, J., and Wolf, B.M. "A World Central Bank?" In J. Grieve-Smith and J. Michie (eds.), Global Instability: The Political Economy of World Economic Governance. London: Routledge, 1999, pp, 212-226.