RDP 7703: Price and Quantity Responses to Monetary Impulses in a Model of a Small Open Economy References

Black, S.W. (1973), International Money Markets and Flexible Exchange Rates. Princeton Studies in International Finance, 32.

Blinder, A.S., and Solow, R.M. (1976), “Does Fiscal Policy Still Matter? A Reply.” Journal of Monetary Economics, 2: 501–510.

Brainard, W.C., and Cooper, R.N. (1975), “Empirical Monetary Macroeconomics: What Have We Learned in the Last 25 Years.” American Economic Review, Papers and Proceedings, 65: 167–175.

Brunner, K., and Meltzer, A.H. (1971), “The Uses of Money: Money in the Theory of the Exchange Economy.” American Economic Review, 61: 784–805.

Cross, R.B., and Laidler, D.E.W. (1976), “Inflation, Excess Demand and Expectations in Fixed Exchange Rate Open Economies: Some Preliminary Empirical Results,” eds. J.M. Parkin and G. Zis. Inflation in the World Economy, Manchester: Manchester University Press.

Darby, M. (1976), “Comments on Modigliani and Ando.” ed. J.L. Stein, Monetarism, Amsterdam: North-Holland,

Dornbusch, R. (1975), The Theory of Flexible Exchange Rate Regimes and Macroeconomic Policy. Paper presented to the Seminar on Flexible Exchange Rates and Stabilisation Policy: Stockholm.

Fisher, G., and Sheppard, D. (1972), Effects of Monetary Policy on the United States Economy, A Survey of Econometric Evidence. O.E.C.D. Economic Outlook, Occasional Studies.

Freebairn, J.W. (1976), “Determinants of Consumption Expenditure,” Conference Papers, September 1976, eds. W.E. Norton and D.W. Stammer, Sydney: Reserve Bank of Australia.

Friedman, B.M. (1976), “The Theoretical Non-Debate About Monetarism.” Kredit und Kapital, 4: 347–367.

_____ (1976), Even the St. Louis Model Now Believes in Fiscal Policy. Harvard University Discussion Pappr, 519.

Friedman, M. (1970), The Counter-Revolution in Monetary Theory. First Wincott Memorial Lecture, London: Institute of Economic Affairs for the Wincott Foundation.

_____ (1972), “Monetary Trends in the United States and the United Kingdom.” American Economist, Spring: 4–17.

Friedman, M. and Meiselman, D. (1963), “The Relative Stability of Monetary Velocity and the Investment Multiplier in the U.S. 1879–1958.” In Stabilisation Policies: a series of research studies prepared for the Commission on Money and Credit by E.C. Brown and others, Englewood Cliffs: Prentice-Hall.

Friedman, M., and Schwartz, A.J. (1963), “Money and Business Cycles.” Review of Economics and Statistics 45 Suppl 32–78. Reprinted in The Optimum Quantity of Money and other essays, Chicago: Aldine 1969.

Girton, L., and Roper, D. (1975), A Monetary Model of Fixed and Flexible Exchange Rates Applied to the Post-War Canadian Experience. mimeo.

Gordon, R.J. (1976a), “Can Econometric Policy Evaluations be Salvaged? – A Comment.” Carnegie-Rochester Conference Series, 1, eds. K. Brunner and A.H. Meltzer. Amsterdam: North-Holland.

_____ (1976b), “Comments on Modigliani and Ando.” Ed. J.L. Stein, Monetarism, Amsterdam: North-Holland.

_____ (1976c), “Recent Developments in the Theory of Inflation and Unemployment” Journal of Monetary Economics, 2: 185–220.

Helliwell, J.F., and Lester, J.M. (1976), “External Linkages of the Canadian Monetary System.” Canadian Journal of Economics, 9: 646–667.

Henderson, J.F., and Norman, P.M. (1975), The Equations of the RBA1/74 Model of the Australian Economy. Reserve Bank of Australia, Research Discussion Paper 7504, Sydney.

Infante, E.F., and Stein, J.L. (1976), “Does Fiscal Policy Matter?” Journal of Monetary Economics, 2: 473–500.

Jonson, P.D. (1976a), “Money, Prices and Output: An Integrative Essay”. Kredit und Kapital, 4: 499–518.

_____ (1976b), “Money and Economic Activity in the Open Economy: The United Kingdom, 1880–1970.” Journal of Political Economy, 84: 979–1012.

Jonson, P.D., and Mahoney, D.M. (1973), “Price Expectations in Australia.” Economic Record, 49: 50–61.

Jonson, P.D., and Danes, M.K. (1976), Money and Inflation: Some Analytic Issues. mimeo.

Jonson, P.D., Moses, E., and Wymer, C.R. (1976), A Minimal Model of the Australian Economy. Reserve Bank of Australia Discussion Paper 7601, Sydney.

Jonson, P.D. and Taylor, J.C. (1977), Inflation and Economic Stability in a Small Open Economy: A Systems Approach. Reserve Bank of Australia Discussion Paper 7702, Sydney.

Kasper, W. (1975), “The Exchange Rate – A ‘New’ Instrument of Economic Policy.” Australian Economic Review, 32: 17–28.

Klein, B. (1975), “Our New Monetary Standard: The Measurement and Effects of Price Uncertainty, 1880–1973.” Economic Enquiry, 13: 461–484.

Klein, L.R. (1971), “Empirical Evidence on Fiscal and Monetary Models.” Ed. J.J. Diamond, Issues in Fiscal and Monetary Policy: The Eclectic Economist Views the Controversy, Chicago: DePaul University Press.

Kouri, P., and Porter, M.G. (1974), “International Capital Flows and Portfolio Equilibrium.” Journal of Political Economy, 82: 443–468.

Laidler, D.E.W. (1974), “Information, Money and the Macroeconomics of Inflation.” Swedish Journal of Economics, 76: 26–41. Reprinted in Essays on Money and Inflation, Manchester: Manchester University Press, 1975.

_____ (1973), “The Influence of Money on Real Income and Inflation: a Simple Model with Some Empirical Tests for the United States 1953–72.” Manchester School of Economic and Social Studies, 41: 367–395. Reprinted in Essays on Money and Inflation. Manchester: Manchester University Press, 1975.

_____ (1977), Money and Money-Income: An Essay on the Transmission Mechanism. mimeo.

Lucas, R.E. Jr (1973), “Some International Evidence on Output-Inflation Trade-offs.” American Economic Review, 68: 326–334.

_____ (1976), “Econometric Policy Evaluation: A Critique.” Carnegie-Rochester Conference Series, 1, eds. K. Brunner and A.H. Meltzer. Amsterdam: North-Holland.

Meltzer, A.H. (1977), Monetarist, Keynesian and Quantity Theories. mimeo.

Modigliani, F. (1975), “The Channels of Monetary Policy in the Federal Reserve-MIT-University of Pennsylvania Econometric Model of the U.S.” Ed. G.A. Renton, Modelling the Economy, London: Heinemann.

_____ (1977), “The Monetarist Controversy or, Should We Forsake Stabilisation Policies?” American Economic Review, 67: 1–19.

Modigliani, F., and A. Ando (1976), “Impacts of Fiscal Actions on Aggregate Income and the Monetarist Controversy: Theory and Evidence.” Ed. J.L. Stein, Monetarism, Amsterdam: North-Holland.

Norton, W.E., and Henderson, J.F. (1972), A Model of the Australian Economy: a Progress Report. Reserve Bank of Australia, Occasional Paper 3G, Sydney.

Porter, M.G. (1974), “The Interdependence of Monetary Policy and Capital Flows in Australia.” Economic Record, 50: 1–20,

Rutledge, J. (1973), A Monetarist Model of Inflationary Expectations. Unpublished Ph.D. thesis. University of Virginia.

Stein, J.L. (ed.) (1976), Monetarism. Amsterdam: North-Holland.

Taylor, J.C. (1976), Price Expectations: Causes, Measurement and Effects. Paper read to 47th ANZAAS Congress.

Tobin, J. (1970), “Money and Income: Post Hoc Ergo Propter Hoc.” Quarterly Journal of Economics, 84: 301–317.