An empirical analysis of the effect of monetary disequilibria in open economies

Cyrus Sassanpour*, Jeffrey Sheen

*Corresponding author for this work

Research output: Contribution to journalArticle

16 Citations (Scopus)

Abstract

A dynamic disequilibrium simultaneous-equation econometric model for France and West Germany is set up, estimated and simulated to consider the ways in which disequilibrium in the money markets is eliminated. The results provide suggestive evidence to support the monetary approach to the balance of payments.

Original languageEnglish
Pages (from-to)127-163
Number of pages37
JournalJournal of Monetary Economics
Volume13
Issue number1
DOIs
Publication statusPublished - 1984
Externally publishedYes

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