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A MONETARIST MODEL OF PRICE ADJUSTMENT IN A SMALL OPEN ECONOMY
Journal article   Peer reviewed

A MONETARIST MODEL OF PRICE ADJUSTMENT IN A SMALL OPEN ECONOMY

MICHAEL D Bordo and EHSAN U Choudhri
Studies in economics and finance (Charlotte, N.C.), Vol.6(1), pp.3-28
01/01/1982

Abstract

How do prices in a small open economy such as Canada adjust to external disturbances in the short-run? What role does domestic monetary policy play in the adjustment process?

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