The Tight Money Effect, Wage Indexation and Macroeconomic Policy: The Fleming Model Revisited
Chau‐nan Chen
(Academica Sinica)
Ching‐chong Lai
(Academica Sinica)
Wen‐ya Chang
(Fu‐Jen Catholic University, Taiwan)
80
Abstract
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:
Citation
Chen, C., Lai, C. and Chang, W. (1987), "The Tight Money Effect, Wage Indexation and Macroeconomic Policy: The Fleming Model Revisited", Journal of Economic Studies, Vol. 14 No. 5, pp. 54-62. https://doi.org/10.1108/eb002659
Publisher
:MCB UP Ltd
Copyright © 1987, MCB UP Limited