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RBA Glossary definition for balance of payments

balance of payments – A summary of the economic transactions between residents of one country and residents of other countries.

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Conclusions

31 Dec 1977 RDP 1977-05
P.D. Jonson and J.C. Taylor
The effects of excess money on domestic variables have indirect effects on all components of the balance of payments, effects which reinforce the direct effects on capital flows. ... The basic model can thus be said to provide an explicit structural view
https://www.rba.gov.au/publications/rdp/1977/7705/conclusions.html

Introduction

31 Dec 1977 RDP 1977-05
P.D. Jonson and J.C. Taylor
Taylor. September 1977. In recent years the proposition that “money matters” – for output and prices in the closed economy, and for domestic variables and the balance of payments in the small
https://www.rba.gov.au/publications/rdp/1977/7705/introduction.html

Preface for RDP 7705: Modelling Monetary Disequilibrium

1 Sep 1977 RDP 7705
P.D. Jonson and J.C. Taylor
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1977/7705.html

Monetary Disequilibrium and its Channels of Influence

31 Dec 1977 RDP 1977-05
P.D. Jonson and J.C. Taylor
influence in turn the balance of payments, domestic credit expansion and the stock of money. ... those in which a measure of monetary disequilibrium influences the overall balance of payments.
https://www.rba.gov.au/publications/rdp/1977/7705/monetary-disequilibrium-and-its-channels-of-influence.html

References

31 Dec 1977 RDP 1977-05
P.D. Jonson and J.C. Taylor
Frenkel, J.A., and Johnson, H.G. (1976), The Monetary Approach to the Balance of Payments, London: Allen and Unwin. ... Jonson, P.D., and Rankin R.W. (1977), Money and the Balance of Payments, Paper presented at the 48th ANZAAS Congress, Melbourne.
https://www.rba.gov.au/publications/rdp/1977/7705/references.html

The Effect of Dropping the Monetary Disequilibrium Variable

31 Dec 1977 RDP 1977-05
P.D. Jonson and J.C. Taylor
Another major difference between the current model and that of the mid-1977 version is the response of the balance of payments. ... As the third panel suggests, this is largely as a result of the response of the balance of payments.
https://www.rba.gov.au/publications/rdp/1977/7705/the-effect-of-dropping-the-monetary-disequilibrium-variable.html

A model with a Conventional Demand Function for Money

31 Dec 1977 RDP 1977-05
P.D. Jonson and J.C. Taylor
balance of payments is used in conjunction with equation (8a) for the changes in the stock of money. ... In addition the specification of the capital inflow equation is altered so that the balance of payments identity is not over-determined.
https://www.rba.gov.au/publications/rdp/1977/7705/a-model-with-a-conventional-demand-function-for-money.html