Since 2014
The Swedish School and macroeconomic theory: Reflections on a small open economy operating within a regime of flexible exchanges
Moneta e Credito
View Archive Info| Field | Value | |
| Title |
The Swedish School and macroeconomic theory: Reflections on a small open economy operating within a regime of flexible exchanges
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| Creator |
TROPEANO, D.
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| Subject |
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Swedish School, Open economy, Exchange rate regime, Monetary policy F41 |
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| Description |
The Swedish School, with its representatives Ohlin, Hammarskjöld and Lindahl, madeimportant contributions to the economic theory of the open economy, even if such contributions have never been at the centre of attention of economists, probably due to their dark language style. In particular, it had a vision of the operating of an open economy that was completely different from post-war Keynesian orthodoxy. The exchange rate regime does not isolate a small economy from the repercussions of events that occur in financial markets and from goods at the international level. The other major assumption of open economy macroeconomics was the independence of monetary policy. The Keynesian models in the 1950s included only external money. On the contrary, the Swedes considered the credit system and the working of international banks.
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| Publisher |
Associazione Economia civile
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| Contributor |
—
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| Date |
2013-10-26
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Articolo peer-review |
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| Format |
application/pdf
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| Identifier |
http://ojs.uniroma1.it/index.php/monetaecredito/article/view/11020
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| Source |
Moneta e Credito; Vol 49, N° 193 (1996)
Moneta e Credito; Vol 49, N° 193 (1996) 2037-3651 |
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| Language |
ita
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| Relation |
http://ojs.uniroma1.it/index.php/monetaecredito/article/view/11020/10895
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| Rights |
Copyright (c) 2016 D. TROPEANO
http://creativecommons.org/licenses/by-nc-nd/4.0 |
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