Search: balance of payments
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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A Two-Sector Model: The Shifting Phillips Curve
31 Dec 1978
RDP
1978-01
If the usual stability conditions are met (and the supply response complicates this issue) the model has a solution in which the balance of payments deficit equals the budget deficit and ... This cannot be a steady state solution, however, because the
https://www.rba.gov.au/publications/rdp/1978/7801/a-two-sector-model-the-shifting-phillips-curve.html
The Dynamics of Adjustment: A Simple One-Sector Model
31 Dec 1978
RDP
1978-01
The suggestion that the gap between desired and actual money balances importantly influences aggregate expenditure seems particularly robust. ... involves an assumption that utility is derived from the stock of money balances.
https://www.rba.gov.au/publications/rdp/1978/7801/the-dynamics-of-adjustment-a-simple-one-sector-model.html
Arguments that “Money” has a Special Role in Economic Dynamics, and Some Implications
31 Dec 1978
RDP
1978-01
This answer is not necessarily inconsistent with the notion, encapsulated by equation 2, that any level of money balances generated by decisions concerning the balance of payments and about domestic credit ... expansion will be held in the short run, and
https://www.rba.gov.au/publications/rdp/1978/7801/arguments-that-money-has-a-special-role-in-economic-dynamics-and-some-implications.html