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Fiscal and Monetary Policies Under Alternative Exchange-Rate Systems

Egon Sohmen

The Quarterly Journal of Economics · 1967 · Volume 81 · Issue 3

DOI: 10.2307/1884815

Abstract

Introduction, 515. — Constant exchange rates, 518. — Flexible exchange rates, 519. — Comparison of the relative effectiveness of fiscal and monetary policies, 520. — An alternative definition of fiscal policy, 523.

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