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Volume 14, Issue 5
1 May 1987
Journal of Economic Studies Cover Image for Volume 14, Issue 5
Review Article| May 01 1987

The Tight Money Effect, Wage Indexation and Macroeconomic Policy: The Fleming Model Revisited

Chau‐nan Chen;
Chau‐nan Chen
Academica Sinica
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Ching‐chong Lai;
Ching‐chong Lai
Academica Sinica
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Wen‐ya Chang
Wen‐ya Chang
Fu‐Jen Catholic University, Taiwan
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Author & Article Information
Publisher: Emerald Publishing
Online ISSN: 1758-7387
Print ISSN: 0144-3585
© MCB UP Limited
1987
Journal of Economic Studies (1987) 14 (5): 54–62.
https://doi.org/10.1108/eb002659

Comparisons of the relative effectiveness of Fiscal and monetary policies under flexible vis à vis fixed exchange rates have a long history. The problem can be tackled by using the following relationship:

© MCB UP Limited
1987
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