International transmission af økonomisk politik

Translated title of the contribution: International Transmission of Macroeconomic Policies

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This paper i concerned to identify some channels for the international transmission of traditional macro-policies. Drawing on a symmetric two-country extension of a Dornbusch 1976-style model the paper portrays different adjustment trajectories for selected variables under alternative assumptions about the wage/price process. Judged against a benchmark of flexible nominal and real wages, the presence of wage stickiness potentially implies servere short and long run deviations from equilibrium values.
Translated title of the contributionInternational Transmission of Macroeconomic Policies
Original languageDanish
JournalNationaløkonomisk tidsskrift
Issue number3
Pages (from-to)356-370
Number of pages15
Publication statusPublished - 1 Jan 1989

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