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 language | English |
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Pages (from-to) | 127-163 |
Number of pages | 37 |
Journal | Journal of Monetary Economics |
Volume | 13 |
Issue number | 1 |
DOIs | |
Publication status | Published - 1984 |
Externally published | Yes |