Does devaluation make sense in the least developed countries?
Inflation, growth, and external debt: A view of the landscape
This paper reconsiders the relationship between inflation, economic growth and external debt, and discusses various channels through which (a) increased […]
Wages, money, and exchange rates with endogenous unions and governments
Does exchange rate policy matter?
Does devaluation improve the current account?
With Ole Risager.
Union rivalry and wages: An oligopolistic approach
With Assar Lindbeck
Competing wage claims, cost inflation, and capacity utilization
With Assar Lindbeck
A synthesis of Keynesian, monetary, and portfolio approaches to flexible exchange rates
With John F. Helliwell
Does devaluation cause stagflation?
With Michael Schmid