Weltwirtschaftliches Archiv

, Volume 118, Issue 3, pp 571–578 | Cite as

Expenditure function and devaluation in a small open economy : A note on the prachowny model

  • Kurt W. Rothschild


Exchange Rate Small Open Economy Domestic Economy Expenditure Function Stabilization Policy 
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  1. König, H.,“Konsumfunktionen”. In:Handwörterbuch der Wirtschaftswissenschaft. 11./12. Lieferung, Stuttgart 1978, pp. 513–528.Google Scholar
  2. Mundell, Robert A.,“Capital Mobility and Stabilization Policy Under Fixed and Flexible Exchange Rates”.The Canadian Journal of Economics and Political Science, Vol. 29, 1963, pp. 475–485.CrossRefGoogle Scholar
  3. Prachowny, Martin F. J.,“The Effectiveness of Stabilization Policy in a Small Open Economy”.Weltwirtschaftliches Archiv, Vol. 109, 1973, pp. 214–231.CrossRefGoogle Scholar
  4. -,Small Open Economies: Their Structure and Policy Environment. Lexington, Mass., 1975.Google Scholar
  5. SpitÄller, Erich,“Short-Run Effects of Exchange Rate Changes on Terms of Trade and Trade Balance”.IMF, Staff Papers, Vol. 27, 1980, pp. 320–348.Google Scholar

Copyright information

© Institut fur Weltwirtschaft an der Universitat Kiel 1982

Authors and Affiliations

  • Kurt W. Rothschild

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