The New Open Economy Macroeconomics: A Critical Appraisal
Within only a few years, the new open economy macroeconomics (NOEM) has emerged as a potential rival to the Mundell-Fleming framework, as modified by Dornbusch and others in the 1980s and 1990s using linear-quadratic models, as the dominant analytical framework in the study of open economies. This p...
|Published in:||Open Economies Review, Vol. 15, No. 2 (2004), p. 193-215|
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